Crude Oil Prices Underpinned as Iran War Tightens Global Oil Supplies

Written on 04/23/2026
Rich Asplund

June WTI crude oil (CLM26 ) today is up +0.44 (+0.47%), and June RBOB gasoline (RBM26 ) is up +0.0093 (+0.29%). Crude oil and gasoline prices are moving higher today, with gasoline climbing to a 3.75-year high. Energy prices remain underpinned as the Strait of Hormuz remains essentially closed, threatening...An oil tanker out at sea by Gerhard Traschutz via Pixabay
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