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Oil Prices Spike as Trump Sends Warships to Iran

1/28/2026

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Story summary
  • Oil prices surged on January 28, 2026 after U.S. President Donald Trump announced a massive armada of U.S. warships toward Iran, with WTI at $63 and Brent at $68.12.
  • Trump warned Iran time is running out to negotiate a nuclear deal and any future attack would be more severe than past actions.
  • U.S. Central Command confirmed deployment of the USS Abraham Lincoln Carrier Strike Group to promote security.