Crude oil futures traded higher on Wednesday morning following reports that the US could send a second aircraft carrier to the West Asia region, even as the US and Iran held the first round of talks in Oman last week.
At 9.57 am on Wednesday, April Brent oil futures were at $69.34, up by 0.78 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $64.53, up by 0.89 per cent. February crude oil futures were trading at ₹5,845 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹5,800, up by 0.78 per cent, and March futures were trading at ₹5,845 against the previous close of ₹5,808, up by 0.64 per cent.
US President Donald Trump told Israeli media that the US would have to do something very tough, if a deal is not reached with Iran.
Market reports quoting Israel’s Channel 12 and Axios said Trump was considering sending a second aircraft carrier to the West Asia region.
Quoting unnamed officials, a Reuters report said that the USS George Washington in Asia and the USS George HW Bush on the US east coast are the most likely candidates, but each is at least a week away from the West Asia region. The Pentagon could also deploy the Ford carrier from the Caribbean, it said.
Meanwhile, Iranian Foreign Ministry spokesman, Esmaeil Baghaei, said Iran felt there was understanding and consensus to continue the diplomatic process after last week’s talks.
The date and venue for the next round of talks between the US and Iran have not yet been announced.
February natural gas futures were trading at ₹283.90 on MCX during the initial hour of trading on Wednesday against the previous close of ₹288.70, down by 1.66 per cent.
On the National Commodities and Derivatives Exchange (NCDEX),April turmeric (farmer polished) contracts were trading at ₹16,190 in the initial hour of trading on Wednesday against the previous close of ₹16,114, up by 0.47 per cent.
March castorseed futures were trading at ₹6,495 on NCDEX in the initial hour of trading on Wednesday against the previous close of ₹6,509, down by 0.22 per cent.
Published on February 11, 2026
