Crude Prices Surge as Iran War Halts Middle East Crude Shipments

Written on 03/06/2026
Rich Asplund

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The...Oil tanker in open sea by StockStudio via Shutterstock
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