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Oil Prices Fall Despite Iranian Attack Against Vessel In Hormuz Strait; WTI Drops Below $70 a Barrel

Iran Oil Strait of Hormuz Arsenio Dominguez IMO

Oil prices dropped on Friday despite an Iranian attack against a vessel in the Strait of Hormuz. (Credit: Mario Tama/Getty Images)

Oil prices dropped on Friday despite an Iranian attack against a vessel in the Strait of Hormuz.

Brent crude, the international benchmark, fell more than 3.5% and stood below $73 a barrel at 9:59 a.m. ET. West Texas Intermediate, the U.S. benchmark, dropped a similar amount and fell below $70 a barrel at the same time.

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