CNBC Daily Open: Three’s a crowd: U.S. carrier buildup in Middle East sends oil spiking

Key Points:

• The U.S. has deployed a third aircraft carrier, the USS Theodore Roosevelt, to the Middle East alongside the USS George H.W. Bush and USS George Washington, with additional Marine Corps ships and up to 10,000 troops expected in November, raising concerns of escalating tensions with Iran.
• Oil prices surged due to the increased military presence and conflict risks, with Brent crude rising 4.4% to $102.31 per barrel and U.S. West Texas Intermediate futures climbing 2.7% to $92.87 per barrel.
• The U.S. Treasury imposed new sanctions targeting Iran's automotive and rail sectors, as well as the A7 Network, which is linked to Russia and used by Iran to evade sanctions.
• Nike reported a mixed fiscal first quarter with a 26% revenue decline in China and announced a restructuring plan involving layoffs, marking the third round of job cuts this year as the company seeks to improve its China business.
• Google introduced its Gemini 4 Argon AI model, showcasing advancements in coding and cybersecurity, matching OpenAI's performance in key tests, while investors focus on the potential of AI-powered personal agents.