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Brent Hits $106; US Adds Third Carrier, Iran Seizes Ships

4/24/2026

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U.S. Navy Escalates
  • Brent crude rose above $106 a barrel as the U.S.–Iran naval standoff tightened the Strait of Hormuz.
  • The U.S. Navy will add a second aircraft carrier, bringing three carriers to operate simultaneously in the Middle East.
  • President Donald Trump told the Navy to “shoot and kill” any boat mining the strait.
  • Iran’s Islamic Revolutionary Guard Corps seized two cargo ships in strait, claiming they lacked permits.
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