Crude Oil Prices Slump on Limited Escalation of US-Iran Conflict

August WTI crude oil (CLQ26 ) on Thursday closed down -1.44 (-1.96%), and August RBOB gasoline (RBQ26 ) closed down -0.0647 (-2.00%). Crude oil and gasoline prices gave up an early advance on Thursday and fell sharply on speculation the escalation of hostilities between the US and Iran will be...Satellite view of the Middle East and the Strait of Hormuz with Iran highlighted_ Image by FoxPictures via Shutterstock_