Crude Oil Prices Soar as the US and Iran Escalate Attacks

Written on 07/17/2026
Rich Asplund

August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 1-month high and gasoline posting a 7-week high. Crude is rallying today on heightened concerns...Strait of Hormuz by artemegorovv via Shutterstock
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