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Source: NPR News

Crude Oil Futures Drop Following Trump's Iran Deal Announcement

Crude oil futures experienced a significant decline on Thursday and Friday, driven by market anticipation of an impending agreement. This downturn followed an online announcement from President Trump, who stated that the Strait of Hormuz is expected to reopen once a deal is signed on Friday.

By Fainaron·Jun 15, 2026 (an hour ago)·1 views
Crude Oil Futures Drop Following Trump's Iran Deal Announcement

Crude oil futures witnessed a notable decline throughout Thursday and Friday trading sessions. This downturn in prices was largely attributed to market anticipation of an imminent deal.

The fall in oil prices followed an online statement made by President Trump. In his post, President Trump indicated that the Strait of Hormuz is projected to reopen. This reopening is expected to occur after the deal is officially signed on Friday.

According to NPR News, oil prices had already seen a dramatic fall in the days leading up to the anticipated agreement.

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#oil prices#crude oil#iran deal#strait of hormuz#donald trump#market reaction
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by NPR News. Read the original at NPR News →

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