Crude Oil Prices Jump as Hopes Dim of Reopening the Strait of Hormuz

Written on 08/20/2026
Rich Asplund

September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy, dampening any...Strait of Hormuz by artemegorovv via Shutterstock
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