Lebanon-Israel Ceasefire Knocks Crude Oil Prices Lower

Written on 06/04/2026
Rich Asplund

July WTI crude oil (CLN26 ) today is down -3.25 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.1117 (-3.57%). Crude oil prices are falling sharply today amid hopes that the announced ceasefire between Israel and Lebanon could lead to a US-Iran peace plan that allows the reopening of...Petroleum oil and gas process offshore field by Saknarong Butsabong via Shutterstock
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