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

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Crude oil futures drop after Trump promises an Iran deal will be signed Friday June 14, 20269:33 PM ET Camila Domonoske A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Crude oil prices sank on Sunday night after President Trump posted on social media that a deal to end the war with Iran was "complete." Middle East conflict The U.S. and Iran announce a deal to end the war Oil futures markets promptly dropped 4%, after markets reopened for trading following their typical weekend break. Prices had already fallen significantly on Thursday and Friday in anticipation of a deal, bringing the per-barrel price of crude Sunday night down 12% from where it had been in the middle of last week.

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Original publisherNPR Topics: News
Canonical URLhttps://www.npr.org/2026/06/14/nx-s1-5858115/oil-prices-trump-iran-deal
Publication timeSun, 14 Jun 2026 21:33:09 -0400
Retrieval time2026-06-15T01:38:08.963Z
Last seen2026-06-15T02:36:13.139Z
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Publisher visitYes — open original
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Opening excerpt (first ~120 words) tap to expand

Crude oil futures drop after Trump promises an Iran deal will be signed Friday June 14, 20269:33 PM ET Camila Domonoske A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi/Getty Images Europe hide caption toggle caption Majid Saeedi/Getty Images Europe Stay up to date with our Up First newsletter, sent every weekday morning. Crude oil prices sank on Sunday night after President Trump posted on social media that a deal to end the war with Iran was "complete." Middle East conflict The U.S. and Iran announce a deal to end the war Oil futures markets promptly dropped 4%, after markets reopened for trading following their typical weekend break.

Excerpt limited to ~120 words for fair-use compliance. The full article is at NPR Topics: News.

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