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Crude Oil Drops as US Inches Toward Iran Deal to Reopen Strait
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Crude Oil Drops as US Inches Toward Iran Deal to Reopen Strait

Bloomberg Markets · May 24, 2026, 10:01 PM · Also reported by 4 other sources

Oil dropped at the week’s open as the US and Iran edged toward a deal, although President Donald Trump said that Washington’s blockade of the Strait of Hormuz would remain until an agreement was completed.

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Also covered by

MarketWatch Trump says there’s no rush as deal to end Iran war, reopen Strait of Hormuz appears close Fortune Oil drops as U.S. says deal with Iran and Hormuz reopening is near France 24 US-Iran closing in on deal to end war: Trump says it could reopen Hormuz The Hill Trump, Iran near deal on re-opening Strait of Hormuz

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