BlockBeats News, August 8th. The ongoing situation in the Middle East continues to attract market attention. On the conflict front, the Yemeni Navy reported foiling an attempted attack on a Red Sea oil tanker. The Houthi forces stated that the Yemeni armed forces carried out strikes against assembled forces inside Saudi Arabia and the ammunition depot, vehicles, and military equipment at the Sahn al-Jin camp.

Regarding the US-Iran negotiations, the Iranian President stated that the Iranian side "made no concessions" in the negotiations involving a memorandum of understanding. According to Axios, a foreign diplomatic mediator revealed that the Iranian negotiation team is awaiting approval from Iran's Supreme National Security Council for the agreements reached with Oman and the United States, and is expected to receive approval soon.

Concerning the Strait of Hormuz, there are signs of easing tensions. US Treasury Secretary Benson stated that the Strait of Hormuz will lose its significance in the future. The Iranian Deputy Foreign Minister stated that security in the Persian Gulf region should be jointly maintained by the countries in the region without external interference. Data from the shipping intelligence firm Kpler shows that only 6 oil tankers passed through the Strait of Hormuz this week. Iranian officials stated that they have outlined a general framework with Oman on the issue of strait passage, and US officials also expect both sides to reach an agreement soon.

However, Iran continues to emphasize its position. Tehran Mayor Zahani stated that to pass through the Strait of Hormuz, sanctions must be lifted, and compensation must be paid. Iranian Foreign Minister Araghchi stated that faced with the world's most expensive military power, the Iranian armed forces have demonstrated their readiness, capability, and strength.

In other developments, Lebanon reported progress in Lebanon-Israel negotiations on border issues. The US announced the designation of 13 entities on the Iran-related sanctions list. Additionally, Turkey, Saudi Arabia, and Pakistan signed a joint defense agreement, stipulating that any armed attack against any of the three countries will be considered an attack on all three countries collectively.