Oil Bounces as Iran Seeks to Block Strait of Hormuz

July 2, 2012 10:13 AM EDT Send to a Friend
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Oil is bouncing off intra-day lows on headlines Iran is drafting a bill proposing a blockade of the Strait of Hormuz. Related ETF (NYSE: USO).

Oil is still down 1.8% today to $83.41 per barrel.


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