Commodities
US Deploys Third Aircraft Carrier Amid Escalating Mideast Tensions
The U.S. military has deployed its third aircraft carrier strike group to the Middle East in recent days, as tensions between the U.S. and Iran remain high.
The move comes amid stalled negotiations over Iran's nuclear program, with Trump stating that the U.S. has 'near-total control' of the Strait of Hormuz, a key oil shipping route.
Brent crude prices surged 4.1% to $101.52 per barrel, while WTI crude rose 2.75%, as investors factored in potential supply disruptions due to escalating tensions.