Iran Informs Regional Countries of Ceasefire Position, Oil Price Drops, Gold and Silver Rise, US Stocks Continue to Rally

BlockBeats News, May 1st, according to the Islamic Republic News Agency, Iranian Foreign Minister Araghchi briefed the foreign ministers of Gulf countries on Iran's position on ending the war.

As a result, according to Bitget market data, Brent crude oil fell to $107 per barrel, down 2.83% intraday. WTI crude oil fell 4% intraday and is now trading at $102.71 per barrel. Spot silver rose over 3% intraday, while spot gold saw a $20 short-term rally. The U.S. stock market continued its rally, with the Nasdaq up 1%, the Dow up 0.53%, and the S&P 500 up 0.78%.

According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "U.S.-Iran reaching a permanent peace agreement" by May 15th has risen to 10%, by May 31st to 26%, and by June 30th to 40%.