Trump reportedly won't withdraw from Iran deal, WTI drops $2 - CNN

According to a US official quoted by CNN, U.S. President Donald Trump will announce new sanctions on Iran, but he won't withdraw from the deal.

As CNN reports, the new sanctions could take "months" to go into effect and such move will allow a "grace period" that could offer the deal's proponents an opening to negotiate.

At the time of writing, WTI is plummeting across the board, now trading at $68 per barrel.