By Meridith McGraw
President Trump said he expects a deal with Iran will be announced fairly soon, and said it would give the U.S. "free oil and free Hormuz Strait." The president was asked about the economy and oil prices, and said prices have remained lower than he expected.
"If you look at the oil and you look at the price we're paying it's about half what people thought it would be if you did what I had to do," Trump said. "I think we have a very successful negotiation going on right now, and I think if it happens it'll be announced fairly soon and it will give us free oil and free Hormuz Strait. Everything will be nice and I think your oil price will go down lower than it was before."
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(END) Dow Jones Newswires
April 16, 2026 14:31 ET (18:31 GMT)
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