00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oil prices rose on Wednesday as traders weighed the United Arab Emirates' exit from OPEC,
00:07against signs the Iran war will continue, according to CNBC.
00:12Brent crude for June delivery climbed 2.8% to $114.37 per barrel,
00:19extending gains after a seventh straight positive session.
00:23U.S. West Texas.
00:25Intermediate for June delivery rose 3.3% to $103.18 per barrel
00:31and has gained more than 49% since the war began on February 28th.
00:37Reports said the U.S. plans to extend its blockade of Iranian ports,
00:41raising concerns about disruptions in the Strait of Hormuz.
00:44President Trump threatened Iran in a truth social post while accusing its leadership of incompetence,
00:50as efforts to continue negotiations to end the war stalled in recent days.
00:54For all things money, visit Benzinga.com.
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