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Rich Asplund

FORGOTTEN HISTORY: Crude prices undercut as persian gulf tensions ease slightly | History Defined

Oil United States Iran Donald Trump EIA IEA Middle East OPEC Persian Gulf Ukraine

September WTI crude oil (CLU26) is down -0.83 (-1.00%), and September RBOB gasoline (RBU26) is down -0.0026 (-0.08%).

Crude oil and gasoline prices are trading lower, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle East were also reduced slightly by news reports saying that the Trump administration is pivoting to using the naval blockade to apply economic pressure on Iran rather than new military attacks.

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