West Texas Intermediate crude prices on track for biggest weekly gain on record.
Iranian crude oil tanker Sevda sails near Bandare Asaluyah, Iran, on Jan. 27, 2026. Sam / Middle East Images / AFP via Getty Images
U.S. crude oil prices broke $90 per barrel on March 6 as President Donald Trump demanded an “unconditional surrender” from Iran.
A barrel of West Texas Intermediate—the U.S. benchmark for oil prices—rocketed 14 percent above $92 on the New York Mercantile Exchange.
