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A reported shootdown of a U.S. drone over the Strait of Hormuz signals a direct military incident in a key oil transit corridor. This raises concern about the safety of shipping through the strait, a route oil markets watch closely for supply disruption risk. Next up: MBA 30-Year Mortgage Rate.
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Iranian media reported that Iran's army air defense forces shot down a U.S. MQ-1 drone over the Strait of Hormuz, according to Xinhua.
A reported shootdown of a U.S. drone over the Strait of Hormuz signals a direct military incident in a key oil transit corridor. This raises concern about the safety of shipping through the strait, a route oil markets watch closely for supply disruption risk.
FirstSquawk·09/07, 05:53 PM
High impactA Saudi Aramco refinery was hit in new strikes, according to the Financial Times.
Jin10·09/07, 01:52 AM
High impactIran's top security council secretary said the Strait of Hormuz is fully closed, calling Trump's claim that it remains open a total lie, and said daily traffic has dropped from over 100 ships carrying over 100 million tons to just 7-8 ships carrying essential Iranian goods.
FirstSquawk·09/07, 01:44 AM
High impactIran's top security official said Tehran will declare a restricted zone just beyond the Strait of Hormuz in the coming days, according to state media.
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