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In a call to The New York Times, President Trump praised Russia's and China's leaders and described Israel's prime minister as "a very difficult guy."
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Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will reopen after the deal is signed on Friday.
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The proposed deal will see the Strait of Hormuz opened, and the U.S. naval blockade lifted, in effect ending the conflict.
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Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
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