July WTI crude oil is down $4.43 (-4.25%) and July RBOB gasoline is down 12.64 cents (-3.54%) as traders price in progress toward diplomacy that could end the Iran war and reopen the Strait of Hormuz. The move reflects sharply lower geopolitical risk premiums across energy futures, with immediate downside for crude and refined products.
July WTI crude oil is down $4.43 (-4.25%) and July RBOB gasoline is down 12.64 cents (-3.54%) as traders price in progress toward diplomacy that could end the Iran war and reopen the Strait of Hormuz. The move reflects sharply lower geopolitical risk premiums across energy futures, with immediate downside for crude and refined products.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
