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Crude oil futures drop after Trump promises an Iran deal will be signed Friday

The price of crude oil dropped shortly after President Trump announced that the U.S. and Iran have agreed to a deal that, when signed Friday, would reopen the Strait of Hormuz.

Copyright 2026 NPR

Camila Flamiano Domonoske covers cars, energy and the future of mobility for NPR's Business Desk.
A Martínez
A Martínez is one of the hosts of Morning Edition and Up First. He came to NPR in 2021 and is based out of NPR West.