Crude Oil Prices Rally on Doubts Over US-Iran Ceasefire

Crude oil prices surged following President Trump's doubts about the ceasefire with Iran, pushing up WTI and RBOB gasoline prices. President Trump dismissed Iran's peace proposal as 'garbage' and stated the current ceasefire was on 'life support.' The potential restart of a US operation to guide commercial ships through the Strait of Hormuz is also fueling the price increase.