Crude Prices Gain on Escalation of US-Iran Hostilities

Written on 07/20/2026
Rich Asplund

August WTI crude oil (CLQ26 ) on Monday closed up +0.74 (+0.90%), and August RBOB gasoline (RBQ26 ) closed down -0.0037 (-0.11%). Crude oil and gasoline prices settled mixed on Monday, with crude oil rallying to a 5-week high amid the escalation of hostilities between the US and Iran, which...Oil production with Iran flag by EVER STOCK via Shutterstock
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