Hormuz Strait may reopen, causing oil prices to plummet

On the 4th local time, U.S. Treasury Secretary Bessent stated in an interview that the United States and Iran may reach an agreement on the 4th or 5th, after which the Strait of Hormuz will reopen to allow merchant ships free passage. Affected by this news, international oil prices fell sharply during the day. As of 21:45 Beijing time on the 4th, the price of light crude oil futures for September delivery on the New York Mercantile Exchange dropped by 4.79%, closing at $76.50 per barrel; the price of Brent crude oil futures for October delivery in London fell by 4.23%, closing at $80.23 per barrel. (CCTV Finance)