Crude prices were slightly higher as European markets opened and traders digested comments from US President Donald Trump that Washington would help ships leave the Strait of Hormuz from Monday. Iran, however, has rejected the plan.
At the time of writing, the price of a barrel of US benchmark crude (WTI) was up 1% to around $103 a barrel, and Brent crude, the international standard, was also 1% higher at roughly $109 a barrel.
