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