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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.

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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

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  • 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.

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