Oil Slips as Trump Spurs Optimism Over Iran Deal: Markets Wrap
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Article Excerpt
Oil prices slipped on Friday after U.S. President Donald Trump said his administration would reconsider sanctions on Iran if Tehran complied with an agreement to curb its nuclear program.
The White House said that while Trump was "optimistic" about a deal being reached with Iran, his "first priority is to protect the United States and the world from the threat of Iran."
Trump’s comments came after U.S. Secretary of State Mike Pompeo outlined terms for a revised deal on Iran's nuclear programme in an interview with CNN.
In New York, West Texas Intermediate (WTI) crude futures fell 25 cents, …
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May 18, 2026
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