U.S. Oil Prices Trend During the Iran-Israel War (2024-2026)

U.S. Oil Prices Trend During the Iran-Israel War (2024-2026)

Here is the historical data showing the monthly average price changes for WTI Crude Oil (the primary benchmark determining retail car oil and gasoline prices in the U.S.) starting from April 2024, when the direct military confrontation between Iran and Israel significantly escalated.

Monthly Average WTI Crude Oil Prices (April 2024 – May 2026)

To help you view this trend at a glance, I have generated an interactive line graph below based on the table data. The graph clearly visualizes the initial market volatility during the early stages of the conflict, a gradual decline throughout 2025, and a severe price spike in early 2026 due to renewed geopolitical supply concerns.

The data tracking the price trends of U.S. crude oil and its impact on vehicle fuel is based on the official benchmarks for U.S. energy markets. You can verify, track, and download the historical data directly from the following primary external sources:

Primary Government & Economic Data Sources

• U.S. Energy Information Administration (EIA)The EIA is the definitive U.S. government source for energy statistics. They track the official daily, weekly, and monthly spot prices for West Texas Intermediate (WTI) crude oil, which is the primary driver of domestic retail gasoline prices.
  • Data Link: EIA: Petroleum & Other Liquids – Spot Prices
  • Gasoline Data: EIA: U.S. Retail Motor Gasoline and On-Highway Diesel Fuel Prices
• Federal Reserve Economic Data (FRED)Maintained by the Federal Reserve Bank of St. Louis, FRED aggregates the EIA’s crude oil data and provides easily downloadable historical datasets and charts used for macroeconomic analysis regarding geopolitical conflicts and inflation.
  • Data Link: FRED: Crude Oil Prices: West Texas Intermediate (WTI) – Cushing, Oklahoma

Live Market & Futures Data

• CME Group / Yahoo FinanceFor real-time market reactions and historical futures contracts that immediately price in geopolitical risks (such as the escalation in the Middle East), the commodity markets track WTI Crude Oil Futures (Ticker: CL=F) and RBOB Gasoline Futures (Ticker: RB=F).
  • Crude Oil Futures Link: Yahoo Finance: WTI Crude Oil (CL=F)
  • Gasoline Futures Link: Yahoo Finance: RBOB Gasoline (RB=F)