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)