The Strait of Hormuz sends a major signal! Oman has proposed a joint management mechanism for the Strait of Hormuz to Iran, which means that Iran in the future may no longer independently control the Strait’s management rights. Once the proposal moves forward, the market’s biggest worry— the risk of a blockade of the Strait—will clearly decline, and the risk premium in crude oil caused by geopolitical conflicts has also started to cool down. However, this is only a proposal, not just an agreement reached; the situation in the Middle East still has significant uncertainties, and further developments in negotiations will need to be watched. #布伦特原油跌约6% #原油下跌约6%