Crude Oil Prices Rally as US-Iran Talks on Hold

Written on 04/21/2026
Rich Asplund

May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices recovered from early losses on Tuesday and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan...Oil production with Iran flag by EVER STOCK via Shutterstock
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