Saudi Media: US and Iran Reach Agreement, the situation in the strait will see a breakthrough in the coming hours

US0%

2026-05-07 07:18

BlockBeats News, May 7th, according to Saudi media Alhadath and Al Arabiya: Sources said that the US and Iran have reached a consensus on gradually opening the Strait of Hormuz in exchange for easing the maritime blockade. The next few hours will witness a breakthrough in the situation of stranded ships in the strait.

International oil prices plummeted, with WTI crude oil plunging over 3% intraday, and Brent crude falling by nearly 3%. International gold and silver prices continue to rise, with spot gold surpassing $1,750 per ounce and silver exceeding $79 per ounce. (Oriental Fortune)

Source: BlockBeats

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