Peaceful dawn is emerging! The final sprint of negotiations between the United States and Iran, with expectations of the reopening of the Strait of Hormuz, has caused oil prices to plummet by nearly 7%.

According to the Securities Times app, as of the close of the crude oil trading market on Monday, the international oil price benchmark Brent crude oil futures price fell by nearly 7%. This was mainly due to the market becoming increasingly optimistic that the United States and Iran are very close to reaching a sustainable peace agreement. Under this agreement framework, Iran will reopen the Strait of Hormuz, despite negotiators from Washington and Tehran downplaying hopes of an imminent breakthrough.