diff --git a/packages/rulesets/src/oas/schemas/oas/v3.1/index.json b/packages/rulesets/src/oas/schemas/oas/v3.1/index.json
index 95a33ef24..3961aa28c 100644
--- a/packages/rulesets/src/oas/schemas/oas/v3.1/index.json
+++ b/packages/rulesets/src/oas/schemas/oas/v3.1/index.json
@@ -803,7 +803,7 @@
         "value": true,
         "externalValue": {
           "type": "string",
-          "format": "uri"
+          "format": "uri-reference"
         }
       },
       "not": {
diff --git a/test-harness/scenarios/oas3.1/petstore.scenario b/test-harness/scenarios/oas3.1/petstore.scenario
index a7bb6f96b..9711cd2ff 100644
--- a/test-harness/scenarios/oas3.1/petstore.scenario
+++ b/test-harness/scenarios/oas3.1/petstore.scenario
@@ -92,6 +92,8 @@ paths:
                 value:
                   lastName: Baker
                   dateOfBirth: '1985-10-02'
+              Example With External Value:
+                externalValue: ./{asset:externalExample.json}
   /users:
     post:
       summary: Create New User
@@ -194,6 +196,10 @@ components:
 extends: [[spectral:oas, off]]
 rules:
   oas3-schema: error
+====asset:externalExample.json====
+{
+  "lastName": "Watson"
+}
 ====command====
 {bin} lint {document} --ruleset {asset:ruleset.yaml}
 ====stdout====