Crude Oil Prices Surge Over 2% Amid US-Iran Tensions, Attack Speculation

• Global crude oil prices jumped over 2% following discussions of a potential US military attack on Iran.
• US crude oil (WTI) rose by $1.56 to $64.77 per barrel, while Brent Crude increased by $1.59 to $69.99 per barrel.
• US President Donald Trump is reportedly considering targeted strikes on Iranian security forces to support anti-government protesters and potentially instigate regime change.
• The oil market is closely watching how unrest in Iran and possible US military action could impact regional crude oil supply.
• Trump has deployed the Abraham Lincoln Carrier Strike Group to the Middle East and issued stern warnings to Iran regarding its nuclear program, threatening a larger attack than previous ones.

Why It Matters: Crude oil prices spiked due to escalating US-Iran tensions and potential military action, threatening supply.