Crude Oil Prices Sink as Talks Signal Progress on Reopening Strait of Hormuz

Written on 08/03/2026
Rich Asplund

September WTI crude oil (CLU26 ) closed down -4.33 (-5.11%) on Monday, and September RBOB gasoline (RBU26 ) closed down -0.1475 (-4.74%). Crude oil and gasoline prices settled sharply lower on Monday, with gasoline falling to a 3-week low. Easing tensions in the Middle East weighed on crude prices on...A sunset over a fuel tanker by Sebastian via Pixabay
Read full article