Saudi media: The US and Iran have reached a consensus, and a breakthrough in the Strait situation is expected in the coming hours

By: rootdata|2026/05/07 15:42:01

According to Saudi media Alhadath and Al Arabiya, sources say that the US and Iran have reached a consensus on gradually opening the Strait of Hormuz in exchange for easing maritime blockades, and a breakthrough in the situation of stranded ships in the strait is expected in the coming hours.

International oil prices have sharply dropped, with WTI crude oil falling over 3% during the day and Brent crude down nearly 3%. International gold and silver prices continue to rise, with spot gold surpassing $4750 per ounce and silver exceeding $79 per ounce.

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