New report reveals Israel may be preparing a strike on Iran's nuclear facilities following U.S. intelligence showing increased military activity.

Israel is making preparations to swiftly strike Iran's nuclear facilities if negotiations between the U.S. and Iran collapse, two Israeli sources with knowledge of the discussions tell Axios. Why it matters: The Israeli intelligence community has shifted just in the past few days from believing a nuclear deal was close to thinking talks could soon break down,

Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities. Brent crude rose above $66 a barrel while West Texas Intermediate surged as much as 3.