Fundamental analysis
60 Days Without Fees: Details of the Upcoming Agreement Between the U.S., Iran, and Oman Regarding the Strait
Oil prices plummeted following reports that
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05.08.2026 09:17 AM
Oil prices plummeted following reports that the U.S. and Iran could conclude a temporary agreement on the Strait of Hormuz as early as today. President Trump stated that the parties had a very productive day of negotiations, and the outcome could be known within 48 hours. Trump’s phrasing that the strait “will soon be opened” became the main trigger for the price decline, although he immediately added a warning: if an agreement cannot be reached, Iran will receive “the heaviest
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