Dan Schwartzman

I'm Dan Schwartzman and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

The U.S.

is deploying a massive force in the Middle East to put pressure on Iran with two aircraft carriers, including the world's largest, the Gerald R. Ford, hundreds of fighter jets and refueling tankers, giving President Trump the option for a major attack against the Islamic Republic.

Trump says Iran cannot be allowed to go nuclear.

Meanwhile, oil is jumping on reports that the U.S.

may be edging closer to war with Iran than many Americans might think.

Bloomberg News senior editor Eric Wiener says threats against Iran creates uncertainty in the oil marketplace.

That's Bloomberg News senior editor Eric Wiener.

West Texas Intermediary is currently hovering at around $66.70 a barrel.

Meanwhile, President Trump's board of peace set up to secure an end to the war in Gaza met today for the first time in Washington.

Trump says the board received roughly $17 billion in pledges toward humanitarian and reconstruction efforts in Gaza, with the U.S.

contributing $10 billion.

The president is also announcing that more than a half a dozen countries have promised personnel toward a stabilization force in the Palestinian enclave.

Trump also says that son-in-law Jared Kushner will be a, quote, envoy of peace.

Disgraced former Prince Andrew, the brother of the U.K.

's King Charles III, was arrested on suspicion of misconduct in public office after further details emerged about his relationship with convicted sex offender Jeffrey Epstein.

We get more details from Bloomberg's Luis Moon.

That's Bloomberg's Luis Moon.