WTI Spikes Nearly 5% as U.S. Embassy Prepares Iraq Evacuation

The U.S. State Department is preparing to order the departure of non-essential personnel from its embassy in Baghdad amid escalating security risks tied to stalled nuclear negotiations with Iran.  Although no formal evacuation has been executed, contingency plans are in motion as tensions in the Gulf rise sharply, stoking fresh concerns over regional energy stability and global crude supplies. With preparations underway, on Wednesday, June 11 at 2:47p.m. ET, Brent crude was trading 3.84% at $69.44, while WTI was trading up 4.36%, at $67.81. …