The UK says it is working with France and other partners to form a “wide coalition” to ensure freedom of navigation in the Strait of Hormuz. A government spokesperson told CNN that reopening the waterway is essential for the global economy and that the strait “must not be subject to tolling.” This follows earlier claims by President Trump that the UK and others will send minesweepers to support efforts in the region. Meanwhile US oil is up 6.78% on a Sunday BTC -2.65% NDX -1.53%(Seth)