Analyst: The performance of oil prices may indirectly confirm the news of the reopening of the Strait of Hormuz.

Analyst Adam Button from Investinglive expressed his inclination to believe in the earlier media reports regarding the complete reopening of the Strait of Hormuz, with an announcement expected within hours or by tomorrow, even if this is merely due to the significant drop in oil prices over the past two days. The movement in oil prices indeed suggests that someone might have known certain news in advance, as this decline has already exceeded what is typically called a TACO scenario. However, his concern lies in the fact that given the performance of various parties thus far, any potential agreement is unlikely to be viewed as lasting.