Crude futures tumbled more than 5% on Monday after President Trump said an Iran agreement is close. But a leading commodity strategist told investors to "sell the tweet" — and a Bloomberg energy columnist warns the Strait of Hormuz may never fully reopen.

Trump says an Iran deal is largely negotiated, including reopening the Strait of Hormuz. Here's what it means for oil, markets, and crypto.

Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.