Crude Oil Prices Tumble on Hope for an End to the US-Iran War

Written on 05/29/2026
Rich Asplund

July WTI crude oil (CLN26 ) today is down -1.85 (-2.08%), and July RBOB gasoline (RBN26 ) is down -0.0692 (-2.23%). Crude oil and gasoline prices are sliding today, with crude oil falling to a 5-week low. Crude prices are under pressure after the US and Iran tentatively agreed to...Offshore oil platform in ocean by Wirestock via iStock
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