Oil prices and energy stocks fell sharply Friday morning following a statement by U.S. President Donald Trump suggesting the conflict with Iran is over and a deal may be imminent. The Oslo Stock Exchange experienced a nearly one percent decline shortly after opening. Brent crude oil prices dropped significantly, trading around $88 per barrel. Iranian officials have not yet confirmed Trump’s claims regarding a resolution. The market reaction indicates investor concerns that de-escalation in the region will reduce demand for oil. The news prompted a sell-off of shares in oil and energy companies listed on the Oslo Børs. Further confirmation from Iran is anticipated to clarify the situation.