Saturday, July 11, 2026
Business

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

Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will reopen after the deal is signed on Friday.

Crude oil futures drop after Trump promises an Iran deal will be signed Friday
Image: NPR Business

Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will reopen after the deal is signed on Friday.

(Image credit: Majid Saeedi)

Originally published at NPR Business

The Morning Briefing

Subscribe to our Newsletter

Be the first to receive the latest news, market analysis and updates — delivered straight to your inbox.