Trump suggests price of oil will 'drop like a rock' if a deal with Iran is made

Trump suggests price of oil will 'drop like a rock' if a deal with Iran is made US President Donald Trump claimed to reporters that the price of oil will "drop like a rock" if the United States makes a deal with Iran to end the war. Since the conflict began, oil prices have increased significantly, after Iran threatened to strike vessels crossing the Strait of Hormuz. Trump claimed the two countries are discussing 15 points to end the war, including plans for Iran to give up nuclear weapons. Tehran, however, has denied claims that Iran has begun engaging in negotiations with Washington.

US President Donald Trump claimed to reporters that the price of oil will "drop like a rock" if the United States makes a deal with Iran to end the war.

Since the conflict began, oil prices have increased significantly, after Iran threatened to strike vessels crossing the Strait of Hormuz.

Trump claimed the two countries are discussing 15 points to end the war, including plans for Iran to give up nuclear weapons.

Tehran, however, has denied claims that Iran has begun engaging in negotiations with Washington.