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Oil settles up $3 as Iran reviews bill to ban US, Israeli vessels from Hormuz

Oil settles up $3 as Iran reviews bill to ban US, Israeli vessels from Hormuz

Oil prices settled up by more than $3 a barrel on Thursday on news an Iranian parliament committee is reviewing a bill that would ban U.S. and Israeli vessels from the Strait of Hormuz and fine violators up to a fifth of the value of their cargo.