Crude oil is cheaper as markets embrace news of a U.S.-Iran deal

NPR | By Camila Domonoske

Published June 15, 2026 at 3:41 PM CDT

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Crude oil prices are falling as oil markets react to President Trump saying the U.S. and Iran have agreed on a framework for reopening the Strait of Hormuz.

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Camila Domonoske

Camila Flamiano Domonoske covers cars, energy and the future of mobility for NPR's Business Desk.

See stories by Camila Domonoske

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