According to CCTV News, an anonymous regional official revealed that the two - week ceasefire plan includes allowing Iran and Oman to collect passage fees from ships passing through the Strait of Hormuz. He said that Iran will use the funds raised for reconstruction. It is not yet clear how Oman will use the funds it raises.

The official did not disclose his nationality information.

In the early morning of August 8th, Iranian Foreign Minister Zarif issued a statement on behalf of Iran's Supreme National Security Council, announcing that the Strait of Hormuz will achieve safe navigation within two weeks.

Zarif said in the statement that ships can pass through the Strait of Hormuz safely within two weeks in coordination with the Iranian armed forces.

He also said that if the attacks against Iran stop, the Iranian armed forces will also stop "defensive military actions". The international media interpreted this as Iran agreeing to a ceasefire for two weeks.

However, Zarif did not specify the specific date for the restoration of navigation in the Strait of Hormuz in the statement.

According to the WeChat account of People's Daily, affected by the latest developments in the situation among the US, Israel and Iran, the international market price of crude oil began to "plunge from a high platform". As of the time of issue, the main contract of WTI crude oil futures fell more than 16% during the trading session, falling below $95 per barrel. International gold prices and silver prices have begun to rise sharply.

Integrated by Jiemu News from CCTV News, Xinhua News Agency, People's Daily