Market optimism rebounds, oil prices expected to decline due to hopes of a US-Iran agreement
2026-08-04 20:07:54
According to CoinMeta, driven by the hopes of a U.S.-Iran agreement, optimism in the market has rebounded, and oil prices have begun to decline. U.S. Treasury Secretary Scott Bessent stated that the United States may reach an agreement with Iran "tomorrow" to reopen the Strait of Hormuz, and there are already signs of improvement in shipping activities through that waterway. Although Iranian officials have sent mixed signals regarding direct negotiations with Washington, the market remains highly sensitive to any diplomatic progress, and optimism is sufficient to trigger a rebound in risky assets and a significant sell-off of crude oil.
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Source:Internet
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