Crude Prices Fall From Highs on Hopes for a Last-Minute Iran Deal

Written on 04/07/2026
Rich Asplund

May WTI crude oil (CLK26 ) on Tuesday closed up +0.54 (+0.48%), and May RBOB gasoline (RBK26 ) closed down -0.0030 (-0.09%). Crude oil and gasoline prices settled mixed on Tuesday, with crude oil posting a 4-week nearest-futures high. Crude prices rose on concerns that the war in Iran will...Oil production with Iran flag by EVER STOCK via Shutterstock
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