

Trump has said that if talks with Iran fail, he may send a second aircraft carrier to the Middle East, He expects the second round of US-Iran negotiations to take place next week and emphasized that either an agreement will be reached or strong action will be necessary, An Axios reporter noted that this move is part of preparations for any potential military action.

Despite signs of rising US inventories, oil prices increased under the impact of heightened tensions related to Iran, Brent rose above $69 and WTI near $65 as the market worries about potential supply disruption if nuclear talks fail, A US oil industry report showed a significant rise in inventories, but traders focused more on geopolitical risks, Market participants are now awaiting OPEC and International Energy Agency reports on supply outlook and potential surplus this year.