Oil Prices Slide As Iran Opts For 'Porous' Strait Of Hormuz

Group 1 - U.S. stocks opened higher, with Intel and Seagate leading the S&P 500 index [1] - Oil prices fell back to near $95 per barrel in U.S. futures markets, influenced by Iran's strategy in the Strait of Hormuz [1] - The decline in oil prices is contributing to a rally in the S&P 500, despite challenges in finding partners for U.S. initiatives [1]