Miami Fort Lauderdale, FL, June 14, 2026 —

Crude Oil Futures Decline on Iran Deal Speculation

Crude oil futures saw a notable decrease following an announcement by President Trump regarding an anticipated deal with Iran. The potential agreement is expected to result in the reopening of the Strait of Hormuz.

The Strait of Hormuz is a critical chokepoint for global oil transportation. Speculation surrounding a deal that would ensure its continued open passage contributed to the downward pressure on oil prices.

Further details regarding the specifics of the deal and its timeline were not immediately available in the announcement.

Story summarized from the original created by Camila Domonoske on www.npr.org, see more information here.

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