strikeMay 7, 2026

Crude Oil Recovers as US May Restart Operations to Reopen the Strait of Hormuz

Summary

June WTI crude oil (CLM26) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26) closed down -0.0033 (-0.10%). Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent.

Source: Barchart — Read the full report

Actors involved

USIranEURussia

Sources

BarchartBy Barchart
June WTI crude oil (CLM26) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26) closed down -0.0033 (-0.10%). Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent. The markets await further updates after the US…

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