Renewed US-Iran Hostilities Push Crude Prices Higher

Written on 08/31/2026
Rich Asplund

October WTI crude oil (CLV26 ) closed up +2.36 (+2.83%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0268 (+0.88%). Crude oil and gasoline prices moved sharply higher on Monday, with crude climbing to a 1-week high. Renewed tensions in the Middle East boosted crude prices on Monday...Oil production with Iran flag by EVER STOCK via Shutterstock
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