Oil prices plunge in the short term! Reports: All parties reach "mutual understanding" on lifting blockades and reopening the Strait of Hormuz.

```

On May 7, according to CGTN citing sources from Al Arabiya TV, all parties have reached a consensus on lifting the blockade in exchange for the gradual reopening of the Strait of Hormuz. A breakthrough is expected in the situation of ships stranded in the strait within the next few hours.

In addition, Pakistani sources claim that Trump has asked Iran to respond to the U.S. proposal as soon as possible.

After the news was released, international oil prices plummeted in the short term, with Brent crude falling 3.0% during the day to $98.1 per barrel.

U.S. stock index futures surged rapidly, with Nasdaq futures rising by 0.3% on the day. The U.S. dollar index fell sharply in the short term, down 0.16% on the day. International gold and silver prices continued to climb, with spot gold rising above $4,750 per ounce and silver above $79 per ounce.

Continually updating…

Risk Disclaimer and Exemption ClauseThe market has risks, and investment must be cautious. This article does not constitute individual investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at your own risk. ```