Hormuz in a Strait Race: Trump Puts Iran on a "Very Soon" Reopening Clock, $BTC Sails Up 🌊

President Donald Trump confirmed the Strait of Hormuz will reopen "very soon," warning in a Fox News interview that Iran could face a massive attack if it backs out again. "The Strait is going to be open very soon — or they're gonna hit very hard, and then the Strait is going to be open," Trump said. He added that Iran understands the position, noting the planned major strike was canceled after requests from Saudi Arabia, the UAE, and Qatar.

The United States, Iran, and Oman are closing in on an interim agreement to reopen the Strait of Hormuz amid the ongoing war, according to reporting from CoinGape. Trump said the arrangement is part of a separate deal with Iran, distinct from any peace accord, and described the role of intermediaries as limited to passing messages. "They know that; they understand that," he said.

Bitcoin rose on Wednesday as oil prices extended their decline, falling further below $75 per barrel. The geopolitical development boosted risk appetite in digital assets, with $BTC climbing alongside broader market relief over the prospect of reopened shipping lanes through the critical waterway.

The Strait of Hormuz is one of the world's most important oil chokepoints, handling a significant share of global crude shipments. Its closure has weighed on energy markets and added to global macroeconomic uncertainty since the US-Iran conflict intensified, factors that have repeatedly translated into volatility across crypto markets.

No formal signing of the interim deal has been announced, and Trump did not provide a specific date for reopening. The article was originally published by CoinGape on April 22, 2026.