There are conflicting reports about the current state of oil prices, with some outlets indicating a jump in prices despite a deal to release a record amount of oil reserves, while others report a plunge in oil prices or a mix of low oil prices and high market performance. The situation with the Strait of Hormuz, a key oil transportation route, is also unclear, with some reports suggesting it will remain closed. Overall, the impact of a potential deal between the US and Iran on oil prices and the release of oil reserves from the IEA is uncertain.