Crude Prices Soar as Strait of Hormuz Reopening in Doubt

Written on 08/10/2026
Rich Asplund

September WTI crude oil (CLU26 ) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26 ) closed up +0.1501 (+5.03%). Crude oil and gasoline prices rallied sharply on Monday, with gasoline soaring to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...Strait of Hormuz by artemegorovv via Shutterstock
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