Crude Prices Soar as Middle East Tensions Curb Global Oil Supplies

Written on 08/10/2026
Rich Asplund

September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices are sharply higher today, with gasoline climbing to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...Satellite view of the Middle East and the Strait of Hormuz with Iran highlighted_ Image by FoxPictures via Shutterstock_
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