The escalation of the American-Iranian conflict has contributed to a significant increase in crude oil prices

AS A RESULT OF THE ESCALATION OF HOSTILITIES BETWEEN THE UNITED STATES AND THE ISLAMIC REPUBLIC OF IRAN, THE COLLECTION OF WTI CRUDE OIL (CLQ26) ROSE BY $3.54 (+4.48 PER CENT) ON FRIDAY IN AUGUST AND THAT OF RBOB (RBQ26) BY $0.1080 (+3.29 PER CENT) IN AUGUST. THE PRICES OF CRUDE OIL AND GASOLINE ROSE SIGNIFICANTLY ON FRIDAY, REACHING A FIVE-WEEK HIGH AND TWO-MONTH HIGH。