Stock Market Update

[BRIEFING.COM] The major averages sit a touch above session lows at midday. 

Oil prices have ticked higher in recent trading, with crude oil currently up $2.16 (+2.3%) to $95.66 per barrel. Bloomberg reported that French President Emmanuel Macron said he is not willing to participate in operations to open up the Strait of Hormuz, though he is open to working with other countries on an escort system. 

Separately, President Trump wrote on Truth Social that NATO allies have told him they do not want to get involved in the war in Iran.