Crude Oil Prices Fall Sharply as Chances of a US Attack on Iran Ease

Written on 01/15/2026
Rich Asplund

February WTI crude oil (CLG26 ) on Thursday closed down -2.83 (-4.56%), and February RBOB gasoline (RBG26 ) closed down -0.0466 (-2.55%). Crude oil and gasoline prices sold off sharply on Thursday as geopolitical risks in Iran temporarily eased. President Trump signaled he may hold off on attacking Iran for...Offshore oil platform in ocean by Wirestock via iStock
Read full article