The U.S. side claims that the U.S. and Iran are about to reach an agreement on the passage through the Strait of Hormuz, and the global market has already lost more than 2.6 billion barrels of crude oil.

The United States has indicated that it will soon reach an agreement with Iran regarding the navigation status of the Strait of Hormuz. Following this news, on the 4th, international oil prices fell significantly, while all three major U.S. stock indices rose. However, there remains considerable uncertainty about whether the relevant agreement can be successfully implemented, when global oil supply will return to normal, and how long this round of U.S. stock market rebound can last. According to Bloomberg, citing informed sources, Iran is considering allowing European countries to participate in clearing mines in the Strait of Hormuz. Currently, the mines in the strait are regarded as one of the biggest obstacles to restoring normal shipping. Additionally, market attention has been drawn to Saudi Aramco's release of its second-quarter financial report overnight, where the CEO warned that the global market has lost more than 2.6 billion barrels of oil since the outbreak of the conflict in the Middle East in February. The CEO of Saudi Aramco cautioned that the global oil industry currently has little capacity to cope with further supply shocks. He stated that even if the Strait of Hormuz were to reopen today, it could take up to 18 months for global oil inventories to recover at an average replenishment rate of 2.1 million barrels per day.