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The undercurrent of the conflict between the United States and Iraq continues to heat up the price of oil.
Jun 24,2019 11:53CST
translation
Source:SMM
Iran's Islamic Revolutionary Guard 20 shot down a U. S. high-altitude unmanned reconnaissance aircraft, found that it violated Iranian airspace. After the incident, the price of crude oil in the United States rose 5.4%, and the price of Brent crude rose 4.3%.
The content below was translated by Tencent automatically for reference.

SMM6, 24 March: the Islamic Revolutionary Guard of Iran shot down a US high-altitude unmanned reconnaissance plane on the 20th, believing that it violated Iranian airspace. After the incident, the price of crude oil in the United States rose 5.4%, and the price of Brent crude rose 4.3%. The United States says the drone is in international airspace, but Iran says it is in its airspace. On the evening of the 20th, Trump ordered a strike against Iran but withdrew his order for military action 10 hours later, and US President Trump said he had abandoned the military strike against Iran because of such a response to the shooting down of a US unmanned reconnaissance plane in Tehran. Will cause asymmetric casualties. There has also been growing speculation about the US attitude towards Iran, adding to the uncertainty about crude oil prices.

Tensions in the Middle East remain after Iran shot down a US drone and have not diminished as Mr Trump withdrew his strike orders. The U. S. government accused Iran of attacking two oil tankers in the Gulf of Oman, while Iran vehemently denied involvement in the tanker explosion. Trump said this is not a war with Iran and will look for opportunities to negotiate with Iran. If Iran refuses to negotiate, the United States will consider imposing "additional sanctions" on Iran. Due to continued tensions in the Middle East, 24 oil prices continued to rise last week. Brent crude oil futures rose 0.5 percent, or 37 cents, to $64.82 a barrel, while WTI crude oil futures rose 0.73 percent, or 42 cents, to $57.86 a barrel.

Iranian Foreign Minister Jaward Zarif 22 in the "Twitter" upload a map, reiterated that the U. S. drone was shot down in Iranian airspace. The U. S. military previously released a map saying the drone did not enter Iranian airspace. The United States and Iraq hold their own views and do not seem to see any signs of easing the situation. More than 22 U. S. media reports (the United States and Iran did not confirm or deny media reports), Trump 20 approved the U. S. military Cyber Command to launch a cyber attack on Iran. The Washington Post and the Associated Press reported that the cyber attack paralyzed the computer system that Iraq controls the launch of rockets and missiles.

Analysts say rising tensions between the United States and Iraq have largely pushed up crude prices, supported by a meeting in early July at the Organization of the Petroleum Exporting countries (OPEC) and its allies to reassess production targets, possible easing trade tensions between the United States and China, and fires at refineries.

"rising tensions between the United States and Iran have evolved into the main driving force behind the surge in oil prices," according to reports. " Due to the increase of uncertainty in the dispute between the United States and Iraq, the international oil price will also change, and the SMM will also pay close attention to the future change of oil price.

Crude oil futures price
the United States and Iraq
investment
Middle East oil

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