WTI and Brent crude oil continue to decline, with the latest quotes at $73.85 per barrel and $77.98 per barrel

Odaily Odaily News, according to Gate data, WTI and Brent crude oil continue to decline, with the latest quotes at $73.85 per barrel and $77.98 per barrel. Spot gold pushed higher to $4,250 per ounce, up 4.24% on the day.

Earlier reports indicated that Iranian Foreign Ministry spokesperson stated that Iran and Oman have reached an agreement on the geographical alignment of the Strait of Hormuz shipping routes, and that the Iran-Oman agreement itself does not mean the Strait of Hormuz (transit) is safe. The joint statement is in its final drafting stage.