WTI rises nearly 1% intraday, reports say the UAE is prepared to help the U.S. militarily open the Strait of Hormuz

2026-04-01 01:25:47

WTI crude oil futures are currently trading at $102.34 per barrel, according to The Wall Street Journal. The United Arab Emirates is prepared to help the United States use force to open the Strait of Hormuz; the UAE is lobbying the UN Security Council to pass a resolution authorizing action.

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