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Trump further raises oil prices

2019-06-20T15:10:01.431Z

The oil price rose sharply on Thursday after tweets from US President Donald Trump about an American drone shot down by Iran. Trump wrote on Twitter that Iran "had made a very big mistake!" This caused the oil price to rise further, due to the increasing fear of a military conflict between Iran and the United States.



The oil price rose sharply on Thursday after tweets from US President Donald Trump about an American drone shot down by Iran. Trump wrote on Twitter that Iran "had made a very big mistake!" This caused the oil price to rise further, due to the increasing fear of a military conflict between Iran and the United States.

At around 5 p.m., the price of a barrel of Brent oil, the benchmark for oil from Europe, Africa and the Middle East, rose by 4.1 percent to $ 64.30 (around € 56.93). A barrel of American oil became 5.5 percent more expensive and was worth $ 56.71.

Tensions between Iran and the United States increased further on Thursday after an American drone was shot down by an Iranian anti-aircraft missile. According to Iran, this happened in Iranian airspace, the US says the aircraft flew into international airspace.

"We can confirm that a surveillance drone was shot by an Iranian anti-aircraft missile," the Pentagon reports. "This aircraft operated on Wednesday just before midnight in the international airspace above the Strait of Hormuz."

The Iranian revolutionary guard says that a "espionage drone" has been shot down over the southern province of Hormozgan. According to Iran, the device would have disabled its identification transponder. "That is in violation of aviation rules, the device operated in secret."

Iran made a very big mistake!

Avatar AuthorrealDonaldTrumpMoment of places14: 15 - 20 June 2019

Attacks on oil tankers

Last week two oil tankers were attacked at the Strait of Hormuz, which connects the Persian Gulf with the Gulf of Oman. The United States immediately blamed Iran, Tehran has always denied involvement.

The narrow Strait of Hormuz, which runs along the Iranian coast, is an important traffic artery for oil and is therefore one of the most strategically significant places in the world.

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Oil tanker crisis: Why is strait near Iran important?

Source: nunl

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