Oil Drops to Two-Month Low as Trump Says Deal With Iran Is Close

Oil prices fell to a two-month low on Friday, following statements from President Donald Trump indicating a potential peace deal with Iran could be signed as early as the upcoming weekend. This development comes in the wake of recent US military strikes, which had previously raised concerns about the progress towards ending the conflict. The decline in oil prices reflects market anticipation of increased supply or reduced geopolitical tension impacting crude oil markets. Analysts are closely monitoring the situation for further developments that could influence global energy prices.