Oil prices are continuing to decline, while U.S. equity futures are climbing as market sentiment improves on geopolitical developments.

The U.S. and Iran have reportedly agreed to an interim framework to end hostilities and reopen the Strait of Hormuz, with a formal signing ceremony expected in Switzerland on Friday.

Bitcoin has moved up to roughly $65,700, gaining about 2% over the last 24 hours and hitting its highest level since the early June selloff.

WTI crude oil has slipped nearly 5% to just under $81 per barrel, marking its lowest level in around two months.

At the same time, Nasdaq 100 futures are up about 1.5%, while S&P 500 futures are higher by approximately 0.9%.