Krag Peak is a mountain summit located in Baker County, Oregon, US.

The double summit peak is situated within the Eagle Cap Wilderness on land managed by Wallowa–Whitman National Forest.

[3][5] It ranks tied for 27th-highest in Oregon when 500-foot minimum topographic prominence is included as criteria.

Topographic relief is significant as the summit rises nearly 4,500 feet (1,400 meters) above East Fork Eagle Creek in approximately one mile.

This landform's toponym has been officially adopted by the United States Board on Geographic Names.