US stock futures jumped on possible breakthrough on Strait of Hormuz shipping arrangements.
Al Hadath sources say understandings have been reached to ease the blockade in exchange for a gradual reopening of the Strait of Hormuz, with intensive talks ongoing to restore transit. Arabic sources report that the coming hours may bring a breakthrough regarding ships currently stuck in the strait.
Spot silver rose 2.66% to $79.42 per ounce; spot gold rose 1% to $4,741.25 per ounce.