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Crude oil futures drop after Trump promises an Iran deal will be signed Friday
Crude oil futures dropped as anticipation of a potential Iran deal led to significant price declines. President Trump announced the Strait of Hormuz would reopen following the deal's signing.
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Adjacent reporting
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- Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz
- Oil prices dip amid optimism over potential US-Iran deal
- Oil prices sink on signs of U.S.-Iran deal
- Oil futures fall after Trump pauses U.S. effort to partially reopen Strait of Hormuz
- Oil prices extend declines on possible U.S.-Iran peace deal to reopen Strait of Hormuz