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Indexed line chart comparing WTI crude oil and gold prices, both trading above their July 7, 2026 baseline.

A draft Iran-Oman agreement covering Strait of Hormuz shipping would bar US and Israeli linked vessels and impose fees of up to 7% of cargo value, but it still needs approval from Iran's parliament and from Acting Supreme Leader Mojtaba Khamenei, who has been in hiding since being injured in February strikes. A former State Department official called the terms unlikely to be accepted in Washington. Gold's steepest move over the same window tracked a weak US jobs signal rather than the Hormuz headlines.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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