According to CoinMeta, analyst Adam Button stated that the performance of oil prices may indirectly confirm the news that the Strait of Hormuz is about to reopen. He tends to believe previous media reports about the full reopening of the Strait of Hormuz, which is expected to be announced within a few hours or tomorrow, although this may simply be due to the significant drop in oil prices over the past two days. He pointed out that the trend in oil prices seems to indicate that "someone knew certain information in advance," and this decline has exceeded what is commonly referred to as a "taco" market movement. However, his concern is that, given the performance of all parties so far, any possible "agreement" is unlikely to be considered sustainable.