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Rich Asplund

Crude Prices Jump After Iran Seizes an Oil Tanker in Gulf of Oman

Oil Iran OPEC Red Sea United States Middle East Vortexa

February WTI crude oil (CLG24) this morning is up +1.96 (+2.75%), and Feb RBOB gasoline (RBG24) is up +5.98 (+2.89%).

Crude oil and gasoline prices this morning are sharply higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf of Oman.

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