Crude Oil Prices Supported as Iran Peace Deal Remains Elusive

Written on 05/22/2026
Rich Asplund

July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low today and is sharply higher as US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies....Crude Oil pumpjack at sunset by Zbynek Burival via Unsplash
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