Bitcoin trims big loss, stocks erase 2% decline, as Iran signals cooperation on key shipping route

Burns Brief

In the middle of a surge higher following President Trump's overnight comments, the price of WTI crude oil quickly fell nearly $6 per barrel on the news The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.