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00:03Oil prices extended declines on Friday as more tankers exited the Strait of Hormuz, easing
00:07supply concerns even after a cargo ship came under attack near Oman, according to CNBC.
00:13Brent crude futures fell 3.2% to $72.83 a barrel, while U.S. West Texas Intermediate
00:20declined 3.2% to $69.62.
00:25A U.S. official told MSNOW that Iran was behind the attack on the Singapore-flagged vessel.
00:31The United Kingdom Maritime Trade Operations said the ship reported no casualties or environmental
00:36damage.
00:37Investors also tracked tensions over Iranian assets and the use of funds under a memorandum
00:42of understanding, with the U.S. Nations Index's president, Scott Nations, told CNBC that investors
00:47may be too optimistic because key parts of the agreement remain unresolved and Iran still
00:52has leverage through the Strait of Hormuz.
00:55Iraq has also reportedly warned OPEC it could leave if it does not receive a higher production
01:00quota.
01:00For all things money, visit Benzinga.com.
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