Crude oil futures drop after Trump promises an Iran deal will be signed Friday (opens original article in a new tab)

Crude oil futures declined as Trump announced an upcoming Iran deal, with prices already dropping ahead of the expected agreement.

• Crude oil futures dropped after Trump promised an Iran deal to be signed on Friday.
• Oil prices fell significantly on Thursday and Friday due to anticipation of the deal.
• Trump stated the Strait of Hormuz would reopen after the deal is signed.