Begin typing your search above and press return to search.
Going beyond birthday celebration
access_time 18 Sep 2020 6:05 AM GMT
Periyar@142-Revolutionary and Visionary
access_time 17 Sep 2020 11:57 AM GMT
The word of caution from the highest court
access_time 17 Sep 2020 6:31 AM GMT
access_time 16 Sep 2020 5:58 AM GMT
access_time 15 Sep 2020 6:19 AM GMT
DEEP READAll arrow_drop_down
The ogres in the mind
access_time 8 Sep 2020 11:27 AM GMT
Why worry about populism?
access_time 4 Sep 2020 9:51 AM GMT
Media mind-set towards minorities
access_time 15 July 2020 4:29 PM GMT
Homechevron_rightBusinesschevron_rightOil prices surges...

Oil prices surges after Iran downs US drone

Oil prices surges after Iran downs US drone

Mumbai: Oil prices surged more than 2 per cent on Thursday over fears of a possible conflict between Iran and the US as Tehran's Islamic Revolution Guards Corps (IRGC) said that it had shot down an "intruding" US spy drone.

Brent crude, the global oil benchmark, was up by 2.23 per cent at $63.20 a barrel. 

In the statement issued earlier on Thursday, the IRGC said the US-made Global Hawk surveillance drone was brought down by its Air Force near the Kouh-e Mobarak region after the aircraft violated Iranian airspace, a Press TV report said. 

The US military has however, denied flying the drone over the Iranian airspace. 

Oil market has been volatile off-late owing to the tension in the Persian Gulf. 

The Brent jumped nearly 4 per cent over the June 13 attacks on the two oil tankers in the Gulf of Oman.

Show Full Article
Next Story