Geopolitical Strains Lift Crude and U.S. Gasoline to Multi-Year Highs

U.S. gasoline prices have climbed to their highest level under President Trump, as disruptions linked to the Iran conflict and the effective shutdown of the Strait of Hormuz constrain crude and product flows. The supply squeeze has driven benchmark U.S. crude, Oil – US Crude, from about $67 per barrel on February 27 to above $84 within a week, while global marker Oil – Brent Crude has also rallied, tightening fuel markets and adding inflationary pressure for consumers.

Over the past month, U.S. crude has advanced roughly 26%, with Brent up about 24%, and both currently show a 1-day technical signal of Buy and Buy, respectively, reflecting strong upside momentum despite heightened geopolitical risk. In contrast, Natural Gas has fallen nearly 29% over the same period and carries a 1-day technical indication of Strong Sell, highlighting a divergence between tight oil fundamentals and structurally weaker gas demand dynamics. Investors can explore more updates, prices, and analysis across global markets at Commodities.