According to CoinMeta, as negotiations for the reopening of the Strait of Hormuz progressed, on Monday, WTI crude oil ($CLU26) closed down $4.33 (-5.11%), and RBOB gasoline ($RBU26) closed down $0.1475 (-4.74%). The prices of crude oil and gasoline fell significantly on Monday, with gasoline prices reaching a three-week low. The easing of tensions in the Middle East put pressure on crude oil prices.