Crude Oil Prices Surge on Possible Escalation of US-Iran War

Written on 10/01/2026
Rich Asplund

November WTI crude oil (CLX26 ) closed up +2.45 (+2.71%) on Thursday, and November RBOB gasoline (RBX26 ) closed up +0.1421 (+4.36%). Crude oil and gasoline prices settled sharply higher on Thursday as talks between the US and Iran to end the war remain deadlocked, keeping the Strait of Hormuz...Oil production with Iran flag by EVER STOCK via Shutterstock
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