By Nora Redmond
President Donald Trump claimed that Iran had agreed to turn over its uranium.
Oil prices fell on Friday after President Donald Trump said that the war in Iran should reach its close “pretty soon.”
Adding to earlier losses, West Texas Intermediate (CL.1) (CLK26), the U.S. benchmark, declined 3.5% to $91.03 a barrel, while Brent crude (BRN00) (BRNM26), the international benchmark, fell 2.8% to $96.92 a barrel.
Trump said the Iran conflict “should be ending pretty soon” at an event in Las Vegas late Thursday. He added that Washington and Tehran could be meeting for another round of negotiations “probably, maybe, next weekend.”
“It’s looking very good that we’re going to make a deal with Iran, and it’s going to be a good deal,” he told reporters outside the White House earlier on Thursday.
Trump also said that Iran agreed to hand over its highly enriched uranium – a claim that has not been verified or responded to by officials from the Islamic Republic.
Despite Trump’s optimism about a potential upcoming truce, Gulf Arab and European leaders believe a deal between the two will take about six months to achieve and are encouraging the U.S. and Iran to extend their current cease-fire to support negotiations, according to a Bloomberg report.
Read: As the Iran conflict squeezes global energy supplies, U.S. oil is gaining an unusual edge
-Nora Redmond
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04-17-26 0606ET
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