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Saudi media: US and Iran have reached an agreement, and within the next few hours, a breakthrough in the Strait situation is expected.
BlockBeats News, 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 in the trapped ships situation in the strait are expected in the coming 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. (Jin10)