Crude Oil Prices Rise Amid Escalation in US-Iran Tensions
Crude oil and gasoline prices surged on Monday due to heightened tensions between the United States and Iran over control of the Strait of Hormuz. The U.S. re-imposed a blockade, prompting fears of further disruptions in shipping through this critical waterway.
Topics: crude oil geopolitical tensions RBOB gasoline US-Iran conflict WTI crude