Trump Says U.S. Ship Downed Iranian Drone in Strait of Hormuz

08:59 07/18/2019

Keep a close watch on oil stocks, such as Exxon Mobil XOM , Chevron CVX , and ConocoPhillips COP .  Tensions with Iran could send oil stocks much higher.

Original article.

President Trump said the U.S. Navy downed an Iranian drone that was flying too close to a U.S. warship in the Strait of Hormuz, hours after Iranian forces said they had seized a foreign tanker, the latest in a series of incidents that have ratcheted up tensions in a vital oil shipping route.  

Mr. Trump said the USS Boxer, an amphibious assault ship, took defensive action against the drone, which he said was “threatening the safety of the ship and the ship’s crew” in the Strait of Hormuz, the narrow channel leading into the Persian Gulf through which a third of the world’s seaborne oil is transported.

To read more on this developing story from The Wall Street Journal, click here.


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