Transocean rises on $1bn deals as oil surge boosts outlook

Transocean (RIG) rose nearly 5% pre-market after securing $1 billion in contracts for offshore rigs in Norway and Brazil. The deal comes as crude prices soar due to the Iran war. While President Trump's speech failed to ease conflict fears, boosting WTI and Brent crude nearly 8%, highlighting how geopolitical tensions are driving the energy sector.