Oil prices climb 3% after Iran shot down intruding US spy drone
Oil prices have surged more than three percent to above $63 a barrel after Iran shot down an intruding American spy drone in southern parts of the country.
According to Reuters, Brent crude features, the global benchmark, went up $1.38 at $63.20 a barrel at 0854 GMT Thursday, having risen as much as 3.3% to $63.88.
US West Texas Intermediate crude jumped $1.45 to $55.21.
The US-made spy drone was brought down by Iran’s Islamic Revolution Guards Corps (IRGC)’s Air Force near the Kouh-e Mobarak region — which sits in the central district of Jask County in Iran’s coastal province of Hormozgan— after the aircraft violated Iranian airspace, according to a statement by IRGC.
Tensions have been running between Iran and the US in recent weeks, with Washington stepping up its provocative military moves in the Middle East.
Last month, Washington dispatched an aircraft carrier strike group, a bomber task force, and an amphibious assault ship to the Persian Gulf, citing an alleged Iranian threat.
On Monday, the Pentagon announced that the US will send 1,000 additional US forces and more military resources to the Middle East.
Tehran believes the US has a hand in a set of suspicious regional incidents in recent weeks, such as the June 13 attacks against oil tankers in the Sea of Oman, in a bid to pin the blame on Iran and put more pressure on the country.
Crude prices fall on possible ceasefire in Lebanon
Breaking up Google an option being considered by US, report shows
Boycott on Israel helped Arabs revive their economies: Analysis
VIDEO | Press TV's news headlines
Iranian satellites launched into space as private sector debuts in space industry
VIDEO | Iran, Azerbaijan conduct joint maritime rescue operations
VIDEO | Yemen’s Red Sea divide: Naval forces block Israeli-linked ships in strategic ‘parting of the water’
VIDEO | Southern Gaza: Israel’s facade for famine and suffering
VIDEO | IOF hampering humanitarian aid
VIDEO | Sharmahd: Justice Done
Iran repeatedly warned Israel not to test its will: FM
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
