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Revolutionary Guards Shoot Down US ‘Spy’ Drone Which Entered Iranian Airspace

A few days ago, we wrote about escalating tensions in the Middle East following an attack on oil tankers. Ever since then, relations between US and Iran have continued to sour because the US blamed Iran for the attacks in the Strait of Hormuz.

Looks like this issue is only going to get bigger with latest reports coming in about how Iran’s Revolutionary Guards have shot down a US ‘spy’ drone in the Gulf region. A story about this development was published on the Guards’ news site, Sepah News, earlier today.

The drone was attacked upon entering Iranian airspace and landed in the southern province of Hormozgan on the Gulf and the Guards have identified it as an RQ-4 Global Hawk. Meanwhile, the US has denied sending any aircraft for flight operations in this region.

WTI crude oil continues to trade higher on Thursday, having climbed to $55.47 per barrel at the time of writing.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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