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

NPR | By Camila Domonoske,
A Martínez
Published June 15, 2026 at 2:44 AM MDT

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 Domonoske
Camila Flamiano Domonoske covers cars, energy and the future of mobility for NPR's Business Desk.
See stories by Camila Domonoske
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.