Brent Futures Up 1.1% on Trump’s Iran Armada Warning and Venezuela Oil Deal

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International benchmark Brent crude futures climbed 1.1% as President Trump’s warning of a U.S. “armada” toward Iran stoked supply disruption fears. A naphtha cargo under a Caracas–Washington deal arrived in Venezuelan waters, and U.S. talks with Chevron aim to quickly boost heavy crude output.

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