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.

The deal under discussion would involve a 60-day ceasefire extension during which the Strait of Hormuz would be reopened, US media reports.
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
'We're structuring this in such a way where they make commitments on the enriched stockpile, but they don't get a dime unless they deliver on their commitments,' the senior official stated.
"It's easy for them to shoot a mouth off behind a keyboard, but face to face, it's crickets, and I kind of wonder what Graham Platner's response would be if he were face to face with me," he mused.
Putting an end to Iran's apocalyptic nuclear ambitions is a job that must not be left half-finished, which explains the panic that greeted reports of President Trump's initial peace deal.
The outlines of a 60-day framework agreement suggest U.S. concessions before a nuclear deal is signed.
Kevin Hassett, President Donald Trump’s chief economic adviser at the White House, signaled he’s confident that an eventual drop in oil prices will create space for the Federal Reserve to lower interest rates.
The following is the transcript of the interview with Kevin Hassett, director of the White House National Economic Council, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
On this "Face the Nation with Margaret Brennan" broadcast, Kevin Hassett, White House National Economic Council director, and Sen. Chris Van Hollen, Democrat of Maryland, join Nancy Cordes.