Svmuu News: On June 17, following the announcement of a U.S.-Iran ceasefire agreement, oil prices fell sharply as the market anticipated the resumption of traffic through the Strait of Hormuz and an increase in Iranian crude oil supplies. According to data from WEEX TradFi, CRUDEOIL fell 5.2% over the past 24 hours and is currently trading at approximately $76.02; USOON followed suit with a 3.8% decline over the same period and is currently trading at approximately $115.15. Meanwhile, gold (XAU) and silver (XAG) rose by 1.6% and 1.2%, respectively, to $4,327.52 and $70.32. WEEX Labs believes that this round of oil price declines is primarily driven by easing geopolitical risks and improved supply expectations, with capital gradually rotating from the energy sector toward risk assets. Easing short-term inflationary pressures may provide support for global markets. However, uncertainty remains regarding the implementation of the ceasefire agreement, and the market needs to monitor the pace of crude oil production recovery and the progress of subsequent negotiations.