On May 7th, according to Saudi media Alhadath and Arab TV: sources say that the US and Iran have reached a consensus on gradually opening the Strait of Hormuz in exchange for easing the maritime blockade, and breakthroughs are expected in the situation of ships trapped in the strait within the next few hours.



International oil prices sharply dropped, with WTI crude oil falling over 3% intraday, and Brent crude down nearly 3%. International gold and silver prices continued to rise, with spot gold surpassing $4,750 per ounce and silver exceeding $79 per ounce. #Gate广场五月交易分享
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