Crude Oil Prices Erase Early Gains in Hopes of Limited US-Iran Hostilities

Written on 07/09/2026
Rich Asplund

August WTI crude oil (CLQ26 ) today is down -1.32 (-1.80%), and August RBOB gasoline (RBQ26 ) is down -0.0332 (-1.07%). Crude oil and gasoline prices gave up an early advance today and turned lower on speculation the escalation of hostilities between the US and Iran will be limited. Crude...A sunset over a fuel tanker by Sebastian via Pixabay
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