President Trump is set to announce a decision on whether the U.S. will remain in the Iran nuclear deal on Tuesday at 2 p.m. Eastern.

Mr. Trump has repeatedly raised concerns about the deal, which was implemented under the Obama Administration.

A report from The New York Times Tuesday cited sources saying President Trump informed France's President Emmanuel Macron "that he plans to announce" the U.S exit from the deal.

The report sent prices for West Texas Intermediate, the U.S. benchmark for crude, sharply lower by roughly 2.6% to $68.92 per barrel.

TheStreet will have live reaction to the decision including what the move means for oil prices and defense stocks. Watch below at 2:15 p.m. Eastern with Ian Winer, co-head of equities at Wedbush Securities:

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%