Iran Says Drafting Hormuz Peace Plan With Oman, Oil Falls, U.S. Stocks Rally

BlockBeats News, April 2nd, according to the Islamic Republic News Agency (IRNA), Iran's Deputy Foreign Minister Gharibabadi stated that Iran has said it is drafting a transit agreement for the Strait of Hormuz with Oman.

Following this news, according to Bitget data, oil prices fell, with WTI crude oil falling below $107 per barrel at one point, and Brent crude oil falling to a low of $103.5 per barrel. Spot gold once rose above $4700 per ounce. The three major U.S. stock indexes made a full turnaround, with the Nasdaq recovering from a previous 2% decline.