By Myra P. Saefong and Nora Redmond
Iran warned vessels against straying from approved Strait of Hormuz routes following its attack on a ship Thursday
Traffic is still flowing through the Strait of Hormuz, according to a Bloomberg report.
Oil futures were on track to tally a third-straight weekly loss on Friday - but after President Donald Trump confirmed Iran violated its cease-fire deal with the U.S. by attacking a ship in the Strait of Hormuz, some analysts believe prices have fallen too far, too fast.
Risks to oil supplies in the region remain high as Trump, in a Friday post on Truth Social, said Iran's drone attack on a cargo ship in the strait was a "foolish violation of our Ceasefire Agreement."
