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Oil tops US$100 as U.S. prepares blockade of Iranian ports and Strait of Hormuz

Oil tops US$100 as U.S. prepares blockade of Iranian ports and Strait of Hormuz

The futures market pointed to negative open for U.S. stocks today and the price of oil once again topped US$100 a barrel as the U.S. military prepared to blockade Iranian ports and the Strait of Hormuz.

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