Oil prices rise after Trump says a 'massive Armada is heading to Iran'

Group 1 - Crude oil prices increased following President Trump's warning to Iran about a "massive Armada" heading towards it, indicating rising geopolitical tensions [1][2] - Global benchmark Brent crude rose by 55 cents (0.81%) to $68.12 per barrel, while U.S. crude increased by 63 cents (1.01%) to $63.02 [1] - The deployment of the USS Abraham Lincoln Carrier Strike Group to the Middle East aims to promote regional security and stability [2][3] Group 2 - Trump emphasized that the fleet in the Middle East is larger than previous deployments, indicating a significant military presence [3] - The President warned Iran that failure to negotiate on its nuclear program could lead to severe consequences, suggesting a potential escalation in military action [4] - Trump stated that time is running out for Iran to make a deal, highlighting the urgency of the situation [4]