June WTI crude oil (CLM26) today is up +1.98 (+2.08%), and June RBOB gasoline (RBM26) is up +0.0792 (+2.25%). Crude oil and gasoline prices are sharply higher today after President Trump rejected Iran's response to his latest peace proposal, which prolongs the closure of the Strait of Hormuz and curbs global oil supplies.
Crude prices jumped today after President Trump and Iran rejected each other...