According to CoinMeta, Trump sparked market enthusiasm this week by claiming that the United States and Iran might soon reach an agreement regarding the Strait of Hormuz, which led to a decline in oil prices and an increase in stock markets. However, no agreement was ultimately reached. Despite Trump's repeated claims of being close to reaching an agreement, investors still responded positively to these statements, looking forward to a breakthrough. Helima Croft, the head of global commodities strategy at RBC Capital Markets, stated that there is a significant optimism bias in the market. The Strait of Hormuz is an important route for global oil trade, and Iran's ability to blockade it has caused a shock to the global energy supply, driving up oil prices and exacerbating inflation. Although diplomacy is still seen as a viable path to peace, the future of the Strait of Hormuz issue remains complex. Scott Bessent, the Secretary of Finance, indicated that an agreement to ensure "free passage" through the Strait of Hormuz could be reached within a few hours. Although Trump's remarks raised market expectations, Iran insists on negotiating with Oman rather than engaging in direct talks with the United States.