Crude Oil Sharply Higher on Concerns About Escalation of the Iran War

Written on 03/26/2026
Rich Asplund

May WTI crude oil (CLK26 ) today is up +3.90 (+4.32%), and May RBOB gasoline (RBK26 ) is up +0.1080 (+3.65%). Crude oil and gasoline prices are sharply higher today on skepticism about a ceasefire in Iran. Also, a report today from Axios that said the US is close to...Oil production with Iran flag by EVER STOCK via Shutterstock
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