Crude Prices Climb on Fears of Escalation of Iran War

Written on 04/06/2026
Rich Asplund

May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week high. Crude prices rallied after President Trump signaled an escalation of the conflict in...Oil production with Iran flag by EVER STOCK via Shutterstock
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