• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 5 mins americavchina.com (otherwise known as OilPrice).
  • 6 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 16 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 1 day Natural Gas
  • 9 hours Iraq war and Possible Lies
  • 9 hours POTUS Trump signs the HK Bill
  • 21 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 12 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation test wells . . . Shale going bust . . . LAUGHABLE
  • 2 days 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 2 days Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial backing . . . Support "Carried Interest" . . Leave it alone
  • 2 days Winter Storms Hitting Continental US
  • 1 day Aramco Raises $25.6B in World's Biggest IPO
  • 1 hour Everything you think you know about economics is WRONG!
  • 1 day My interview on PDVSA Petrocaribe and corruption

Breaking News:

Surprise Crude Build Threatens Oil Rally

Alt Text

Report: Iranian Tanker Offloads Oil At Syrian Port

The now notorious Iranian oil…

Alt Text

The Saudi Crown Prince’s Final Option

The future of MBS may…

Alt Text

Has Iran Won The War For The Middle East?

The greater Middle East, including…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

US Navy Shoots Down Iranian Drone In Show Of Force Over Strait Of Hormuz

President Donald Trump has said on Thursday that the United States Navy has shot down an Iranian drone in the Strait of Hormuz in the latest show of force between Iran and the United States, according to CNBC.

Oil prices were initially down on the day shortly following the announcement, with Brent crude trading down 1.93% at $62.43, and WTI trading down 1.97% at $55.66 on the day, despite the increased tensions.

Earlier in the day, new developments in the missing tanker in the area brought to light, according to Iran, that it had seized a small vessel over the weekend that it had suspected of smuggling oil. The US demanded that it immediately release the vessel, adding that it would work “aggressively” to keep the world’s most critical oil waterway a safe passage for all.

The USS Boxer, an amphibious assault ship, is part of US efforts to increase its presence in the area to keep order in the Persian Gulf. According to President Trump, the ship fired on the drone and ultimately destroyed it.

“We want to make sure that we assure allies in the region and to ensure freedom of navigation and free flow of commerce,” Colonel Fridrik Fridrikson of the 11th Marine Expeditionary Unit said prior to the incident, according to Reuters.

The US has publicly blamed Iran for attacks on two oil tankers off the coast of Oman—which Iran has denied. Iran has threatened the UK regarding the seizure of an Iranian ship that was thought to be violating sanctions on Syria, and has been defiant in the face of sanctions on its oil at the hand of the United States.

Iran’s oil exports fell to 400,000 barrels per day in May, down from more than 2.5 million bpd at its high in April 2018.

By Julianne Geiger for Oilprice.com

More Top Reads from Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • frank burns burns on July 19 2019 said:
    Continuing the saga of possible false-flag operations -- it seems that the US military does not know if it was an Iranian drone, a false-flag drone from the UAE or other state actor, or one of its own. Perhaps it was just a test. Trump might not even know what he is talking about. What is the official US military account? Where are the photos? Trump's tweet presents more questions than answers.
  • Patriot IR on July 20 2019 said:
    Never happened. While they have no clue on that, IRGC has published a video that shows they had successfully captured and observed USS Boxer for hours.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play