Dow Futures Rise While Oil Hovers Near $100: Trump Warns NATO Of 'Very Bad' Future If Allies Don't Help Reopen Strait Of Hormuz

On Sunday evening, U.S. banal futures moved higher arsenic lipid futures hovered adjacent $100 per barrel.

U.S. equity futures pointed higher successful precocious trading. Dow futures roseate 180 points, oregon 0.38%, to 47,066, portion S&P 500 futures gained 29 points, oregon 0.43%, to 6,714.75. Nasdaq 100 futures precocious 116.75 points, oregon 0.47%, to 24,722.50.

In commodities, WTI Crude April 26 futures slipped 0.88% to $97.84 per barrel, portion Brent crude edged down 0.16% to $102.98 per barrel.

RBOB gasoline futures edged higher 0.14% to $3.05 per gallon, while ULSD heating lipid futures declined 0.67% to $3.99 per gallon.

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Meanwhile, natural state futures dropped 0.57% to $3.11 per MMBtu (million British thermal units).

Earlier successful the evening, U.S. crude prices concisely climbed supra $100 per barrel.

This reflects continued anxiousness successful vigor markets arsenic shipping disruptions successful the Strait of Hormuz endanger planetary supply.

The constrictive waterway betwixt Iran and Oman usually carries astir one-fifth of the world's lipid and liquefied earthy gas, making it 1 of the astir captious vigor commercialized routes globally.

The U.S. Dollar Index slipped 0.23% to 100.26, portion Asian markets were mixed, with Japan's Nikkei 225 falling 0.23% and South Korea's KOSPI rising 1.01%.

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While speaking with the Financial Times, Trump urged countries that payment from the shipping way to lend subject assets to support it unfastened pursuing tanker attacks and rising determination tensions.

"I deliberation China should assistance excessively due to the fact that China gets 90% of its lipid from the Straits," Trump said. "It's lone due that radical who are the beneficiaries of the Strait volition assistance to marque definite that thing atrocious happens there."

Trump warned that NATO allies could look “very bad” consequences if they neglect to assistance successful securing the route.

The president said enactment could see minesweepers and different naval instrumentality susceptible of countering drones and naval mines successful the area.

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Tensions escalated further aft U.S. strikes targeted Iranian subject assets connected Kharg Island, the country's superior crude export hub.