Crude Oil Prices Supported as Strait of Hormuz Remains Closed

Written on 05/28/2026
Rich Asplund

July WTI crude oil (CLN26 ) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26 ) is up +0.0168 (+0.55%). Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said...Oil production with Iran flag by EVER STOCK via Shutterstock
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