Crude Prices Retreat on Hopes US-Iran Peace Deal is Near

Written on 06/04/2026
Rich Asplund

July WTI crude oil (CLN26 ) on Thursday closed down -2.98 (-3.10%), and July RBOB gasoline (RBN26 ) closed down -0.0933 (-2.98%). Crude oil prices settled sharply lower on Thursday amid hopes that the announced ceasefire between Israel and Lebanon could lead to a US-Iran peace plan that allows the...Petroleum oil and gas process offshore field by Saknarong Butsabong via Shutterstock
Read full article