Trump Announces Agreement on Strait of Hormuz Ahead of US-Iran Talks
US President Donald Trump announced on Moomoo that an agreement has been reached regarding the Strait of Hormuz, paving the way for talks between the US and Iran to begin on Monday.
The development comes as a major relief for global markets, particularly in the energy sector. The Strait of Hormuz is a critical waterway for oil exports, with Brent Last Day Financial Futures Current Contract (OCT6) and Crude Oil Futures (SEP6) prices being closely watched by investors.