President Trump indicated the U.S. was close to a deal in which Iran agrees to forgo nuclear weapons, sparking a selloff in oil prices. "You probably read today the story about Iran has sort of agreed to the terms,

Speaking in Qatar, U.S. President Donald Trump said the U.S. was getting close to securing a nuclear deal with Iran.

The prospect of a nuclear deal between the U.S. and Iran contributed to the biggest daily drop in oil prices so far this month. But the deal, and a subsequent lift in global oil supplies, are not a sure thing.