{"id":899984,"date":"2026-04-18T13:11:44","date_gmt":"2026-04-18T18:11:44","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/18\/iran-declared-the-strait-of-hormuz-completely-open-bitcoin-jumps-to-78k\/"},"modified":"2026-04-18T13:11:44","modified_gmt":"2026-04-18T18:11:44","slug":"iran-declared-the-strait-of-hormuz-completely-open-bitcoin-jumps-to-78k","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/18\/iran-declared-the-strait-of-hormuz-completely-open-bitcoin-jumps-to-78k\/","title":{"rendered":"Iran Declared the Strait of Hormuz \u201cCompletely Open\u201d Bitcoin Jumps to $78K"},"content":{"rendered":"
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\"Trump<\/figure>\n<\/div>\n
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After nearly two months of conflict between the US, Israel, and Iran, Iran finally declared the Strait of Hormuz \u201ccompletely open\u201d for all commercial vessels on April 17, 2026, sending a wave of relief across global markets.\u00a0<\/p>\n

Bitcoin responded almost instantly, jumping from around $75,000 to $78,000, a surge of nearly 5.2%, as investors rushed toward risk assets on the back of easing geopolitical tension.\u00a0<\/p>\n

What Iran\u2019s Foreign Minister Said<\/strong><\/h2>\n

On 17 April, Iranian Foreign Minister Abbas Araghchi took X<\/a> to make the announcement official. He stated that in line with the ongoing ceasefire in Lebanon, all commercial vessels are now free to pass through the Strait of Hormuz for the remaining period of the U.S.-Iran truce, which is currently set to expire on April 22.<\/p>\n

The move came one day after U.S. President Donald Trump announced a 10-day ceasefire between Israel and Hezbollah in Lebanon, a development that appears to have set off a broader chain of diplomatic easing across the region.<\/p>\n

Trump welcomed the news almost immediately, posting on social media in capital letters:\u00a0<\/p>\n

\u201cIran has just announced that the Strait of Hormuz is fully open and ready for full passage. Thank you.\u201d<\/p>\n

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“IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!” \u2013 President Donald J. Trump \ud83c\uddfa\ud83c\uddf8 pic.twitter.com\/xDQpCj8APe<\/a><\/p>\n

\u2014 The White House (@WhiteHouse) April 17, 2026<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Why It\u2019s Important For the World<\/strong>?<\/h2>\n

The Strait of Hormuz is not just another shipping lane. It is the single most important oil corridor on the planet.\u00a0<\/p>\n

Before the U.S. and Israel launched their military attack on Iran on February 28, 2026, roughly 20% of the world\u2019s entire crude oil supply passed through this narrow stretch of water every single day. Along with a large share of global LNG exports, mostly from Qatar.<\/p>\n

When Iran effectively shut it down in response to the attack, daily ship traffic collapsed from over 100 vessels per day to single digits. The economic damage was immediate and severe.<\/p>\n

Now that the Strait is open again, oil and gas shipments can move normally. This helps stabilize supply, ease energy prices, and improve overall market confidence.<\/p>\n

Bitcoin and Crypto React Fast<\/strong><\/h2>\n

Crypto markets reacted quickly, with the total market cap rising about 5% to $2.63<\/a> trillion. Bitcoin also moved higher, jumping to $78,000 after bouncing from its recent range near $75,000.<\/p>\n

Major altcoins followed the same trend, with Ethereum, Solana, XRP, and others gaining around 6% to 10%.<\/p>\n

The move shows a clear \u201crisk-on\u201d shift, where improving sentiment pushes investors back into crypto and other high-risk assets.<\/p>\n<\/div>\n

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\n Rizwan Ansari<\/p>\n","protected":false},"excerpt":{"rendered":"

After nearly two months of conflict between the US, Israel, and Iran, Iran finally declared the Strait of Hormuz \u201ccompletely open\u201d for all commercial vessels on April 17, 2026, sending a wave of relief across global markets.\u00a0 Bitcoin responded almost instantly, jumping from around $75,000 to $78,000, a surge of nearly 5.2%, as investors rushed<\/p>\n","protected":false},"author":1,"featured_media":899985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27575,28801],"tags":[],"class_list":["post-899984","post","type-post","status-publish","format-standard","has-post-thumbnail","category-declared","category-strait"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/899984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=899984"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/899984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/899985"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=899984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=899984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=899984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}