The agreement between Iran and Oman is basically finalized. Although it hasn’t been officially announced, Iran seems pretty satisfied with the deal. Of course, this agreement isn’t about opening up the Strait of Hormuz, but rather about planning a shipping route with Oman and setting up regulatory measures. To put it bluntly, it’s about figuring out how to charge fees in a reasonable and compliant way. In reality, Iran’s main goal is to impose fees on the Strait of Hormuz. Sure, it’s kind of taking advantage of the situation, but compared to shutting down the Strait of Hormuz, most countries might just turn a blind eye for now and deal with it once it’s fully open. For Iran, though, this is like meat on the table. If they really implement the 7% fee, Iran probably won’t be short on cash anymore—not to mention they’ve got their shadow fleet. But this is basically a slap in the face for the U.S. From Besant’s latest remarks, it’s clear the U.S. doesn’t want to keep fighting. Starting next week, they’ll likely continue imposing economic sanctions on Iran, but these sanctions don’t mean much. As everyone knows, as long as major powers are willing to buy oil from Iran and Russia, the impact of these economic sanctions is pretty limited—unless the U.S. fleet keeps blocking Iran’s ports. Bitcoin’s weekend performance was just as expected, continuing to hover around $63,000. The market isn’t as bad as people imagined. Friday’s drop was mainly due to retail data. Hopefully, the Iran-Oman agreement on Monday can ease some of the market pressure. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one place for trading.