Environment

U.S. crude oil falls below $70, resuming losses after attack on cargo ship near Oman

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman.

Elke Scholiers | Getty Images

Oil prices extended declines on Friday as more tankers exited the strategically vital Strait of Hormuz, easing supply concerns despite a vessel coming under attack in the Gulf of Oman.

International benchmark  and Dan Mangan contributed to the report.

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