By Robert Schroeder and Joseph Adinolfi

White House meeting ends without decision by president

Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula on May 17.

Crude-oil prices in the U.S. and globally tumbled Friday as President Donald Trump called a meeting to help finalize a peace deal with Iran, even as he reportedly put off a final decision.

In a post on Truth Social, Trump said he was meeting in the White House Situation Room "to make a final determination" on an agreement.