--- title: "Iran and Oman Draft Strait of Hormuz Transit Agreement, S&P Turns Higher, Emerging Market Currencies Rise" type: "News" locale: "en" url: "https://longbridge.com/en/news/281543552.md" description: "Iran and Oman draft a navigation agreement for the Strait of Hormuz, with the S&P 500 and Nasdaq 100 indexes turning higher. WTI crude oil prices fell below $107/barrel, while spot gold rose $24.41/ounce. Emerging market currencies showed strength, with the Brazilian Real and Colombian Peso gaining, and the Mexican Peso and South African Rand narrowing their losses" datetime: "2026-04-02T14:42:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281543552.md) - [en](https://longbridge.com/en/news/281543552.md) - [zh-HK](https://longbridge.com/zh-HK/news/281543552.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281543552.md) | [繁體中文](https://longbridge.com/zh-HK/news/281543552.md) # Iran and Oman Draft Strait of Hormuz Transit Agreement, S&P Turns Higher, Emerging Market Currencies Rise Iranian media IRNA quoted Deputy Foreign Minister Gharibabadi as reporting that Iran and Oman have drafted an agreement on navigation in the Strait of Hormuz. Currently, WTI crude oil has fallen below the $107/barrel mark, trading at $106.83/barrel. Spot gold rose $24.41/ounce in five minutes, trading at $4687.55/ounce. The S&P 500 Index and Nasdaq 100 Index quickly turned higher. The emerging market foreign exchange index turned higher, with the Brazilian Real and Colombian Peso gaining, and the Mexican Peso and South African Rand narrowing their losses. ### Related Stocks - [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md) - [NASDAQ-100 (.NDX.US)](https://longbridge.com/en/quote/.NDX.US.md) - [HSPC (603353.CN)](https://longbridge.com/en/quote/603353.CN.md) - [Occidental Petroleum Corporation (OXY.US)](https://longbridge.com/en/quote/OXY.US.md) - [Newmont Corporation (NEM.US)](https://longbridge.com/en/quote/NEM.US.md) - [Gold.com (GOLD.US)](https://longbridge.com/en/quote/GOLD.US.md) - [Kinross Gold Corporation (KGC.US)](https://longbridge.com/en/quote/KGC.US.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [Agnico Eagle Mines Limited (AEM.US)](https://longbridge.com/en/quote/AEM.US.md) - [Direxion Daily Jr Gld Mnrs Bull 2X ETF (JNUG.US)](https://longbridge.com/en/quote/JNUG.US.md) - [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/en/quote/CRAK.US.md) - [F GX OIL (03097.HK)](https://longbridge.com/en/quote/03097.HK.md) - [Direxion Daily Gold Miners Bull 2X ETF (NUGT.US)](https://longbridge.com/en/quote/NUGT.US.md) - [iShares Gold Trust (IAU.US)](https://longbridge.com/en/quote/IAU.US.md) - [WisdomTree True Emerging Markets ETF (XC.US)](https://longbridge.com/en/quote/XC.US.md) - [EFUND GOLD MI-R (82824.HK)](https://longbridge.com/en/quote/82824.HK.md) - [Vanguard S&P 500 ETF (VOO.US)](https://longbridge.com/en/quote/VOO.US.md) - [abrdn Physical Gold Shares ETF (SGOL.US)](https://longbridge.com/en/quote/SGOL.US.md) - [F SAMSUNG OIL (03175.HK)](https://longbridge.com/en/quote/03175.HK.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [Vanguard Energy ETF (VDE.US)](https://longbridge.com/en/quote/VDE.US.md) - [VanEck JPMorgan EMLcl Ccy Bd ETF (EMLC.US)](https://longbridge.com/en/quote/EMLC.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [YieldMax Gold Miners Opt Inc Strgy ETF (GDXY.US)](https://longbridge.com/en/quote/GDXY.US.md) - [Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES.US)](https://longbridge.com/en/quote/XES.US.md) - [ProShares Ultra Gold (UGL.US)](https://longbridge.com/en/quote/UGL.US.md) - [iShares MSCI Global Gold Miners ETF (RING.US)](https://longbridge.com/en/quote/RING.US.md) - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/en/quote/159562.CN.md) - [iShares Core S&P 500 ETF (IVV.US)](https://longbridge.com/en/quote/IVV.US.md) - [EFUND GOLD MI-U (09824.HK)](https://longbridge.com/en/quote/09824.HK.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [Sprott Gold Miners ETF (SGDM.US)](https://longbridge.com/en/quote/SGDM.US.md) - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) - [United States Brent Oil (BNO.US)](https://longbridge.com/en/quote/BNO.US.md) - [Roundhill Gold Miners Weeklypay ETF (GDXW.US)](https://longbridge.com/en/quote/GDXW.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [SPDR® Gold MiniShares (GLDM.US)](https://longbridge.com/en/quote/GLDM.US.md) - [SPDR GOLD TRT (02840.HK)](https://longbridge.com/en/quote/02840.HK.md) - [Global X Gold Explorers ETF (GOEX.US)](https://longbridge.com/en/quote/GOEX.US.md) - [VanEck Gold Miners ETF (GDX.US)](https://longbridge.com/en/quote/GDX.US.md) - [iShares US Oil Equipment & Services ETF (IEZ.US)](https://longbridge.com/en/quote/IEZ.US.md) - [EFUND GOLD MI ETF (02824.HK)](https://longbridge.com/en/quote/02824.HK.md) - [US Global GO GOLD and Prec Mtl Mnrs ETF (GOAU.US)](https://longbridge.com/en/quote/GOAU.US.md) - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [SPDR® Gold Shares (GLD.US)](https://longbridge.com/en/quote/GLD.US.md) - [Sprott Junior Gold Miners ETF (SGDJ.US)](https://longbridge.com/en/quote/SGDJ.US.md) - [ChinaAMC Gold ETF (518850.CN)](https://longbridge.com/en/quote/518850.CN.md) - [SPDR® S&P 500® ETF (SPY.US)](https://longbridge.com/en/quote/SPY.US.md) - [VanEck Junior Gold Miners ETF (GDXJ.US)](https://longbridge.com/en/quote/GDXJ.US.md) - [MicroSectors™ Gold Miners 3X Lvrgd ETN (GDXU.US)](https://longbridge.com/en/quote/GDXU.US.md) - [Guotai Gold ETF (518800.CN)](https://longbridge.com/en/quote/518800.CN.md) ## Related News & Research - [GLOBAL MARKETS-Oil resumes its climb, stocks tumble on Trump statements](https://longbridge.com/en/news/281547341.md) - [BREAKINGVIEWS-Oil-shortage fallout will ooze slowly but surely](https://longbridge.com/en/news/281544539.md) - [Trump's fresh Iran threats give investors a risk-off reality check](https://longbridge.com/en/news/281476835.md) - [PRECIOUS-Gold slides sharply as oil surges on dimming hopes of end to Iran war](https://longbridge.com/en/news/281518637.md) - [PRECIOUS-Gold drops on stronger dollar, rising bets on higher interest rates](https://longbridge.com/en/news/281533759.md)