U.S. oil hovers near $100 on report Trump dissatisfied with

U.S. oil hovers near $100 on report Trump dissatisfied with Iran’s proposal to open Hormuz

 
KEY POINTS
  • President Donald Trump is dissatisfied with Iran’s proposal to open the Strait of Hormuz, according to The New York Times.
  • The strait remains effectively closed to tanker traffic, cutting off Gulf oil exports to the world.
  • The UAE said Tuesday it will exit OPEC on Friday.
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