Oil prices slide on hopes of US-Iran peace deal
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.

Crude oil prices dropped about $5 per barrel Sunday evening in the first major trading since the emergence of rough and tentative outlines of a deal to end the U.S.-Iran conflict.Why it matters: The throttling of the Strait of Hormuz is raising energy costs and weighing down economies worldwide — including the U.S., where average pump prices are about…
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
The marathon peace talks between the U.S. and Iran appear to have no clear finish line. Over the weekend, President Trump signaled an agreement could be close. But by Monday night, that appears even less certain. Nikole Killion reports.
Oil prices decreased early Monday amid negotiations between the Trump administration and Iran on reopening the Strait of Hormuz and ending the Middle East conflict. West Texas Intermediate crude futures, the benchmark for North American markets, dipped by more than 6.1 percent to $90.68 as of early Monday. Brent crude futures, the global benchmark, dropped…
Signed, sealed, and nearly delivered. That’s essentially the message President Donald Trump sent Saturday evening after announcing that a major agreement between the United States and Iran has been “largely negotiated” following a day of high-stakes calls with leaders across the Middle East. “I am in the Oval Office at the White House where we ...