Crude Prices Surge as President Trump Vows to Escalate Iran War

Written on 04/02/2026
Rich Asplund

May WTI crude oil (CLK26 ) today is up +10.20 (+10.19%), and May RBOB gasoline (RBK26 ) is up +0.1174 (+3.80%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.5-week high. Crude prices are rallying after President Trump pledged more aggressive action against Iran over...Satellite view of the Middle East and the Strait of Hormuz with Iran highlighted_ Image by FoxPictures via Shutterstock_
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