Oil Climbs on Report of US Carrier Deployment to Middle East
Oil prices extended early gains as the Pentagon reportedly deployed a third aircraft carrier to the Middle East and added as many as 10,000 American troops to the region.
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Oil climbs above $85 as US-Iran strikes raise Hormuz escalation risk
Crude rose above $85 a barrel Monday as US and Iran exchanged strikes for the first time in roughly a month, amid growing concerns over Strait of Hormuz mine deployments and shipping disruption.