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Insider: The US and Iran reach a consensus on gradually opening the Strait of Hormuz in exchange for easing sanctions
Golden Finance reports that on May 7, according to Saudi media Alhadath and Arab television: sources say that the U.S. and Iran have reached an agreement on gradually opening the Strait of Hormuz in exchange for easing the blockade. Over the next few hours, a breakthrough is expected in the situation of ships stranded in the strait. International oil prices plunged in the short term, with WTI crude falling by more than 3% intraday and Brent crude dropping by nearly 3%. (Jinshi)