BANGKOK, Thailand (AP) - Oil held steady Friday in Asia after rebounding more than US$5 in the previous session after another missile launch by Iran stoked worries that escalating political tensions in the Middle East could cut off supplies out of the region.
A day after Iran tested a missile capable of reaching Israel, Secretary of State Condoleezza Rice warned the oil-producing nation that the United States will defend its allies. Iran then responded with another missile launch.
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