• Trump Suggests Iran's Shooting Down of Drone Was an Accident

    4 monthes ago - By Fortune

    President Donald Trump declared Thursday that “Iran made a very big mistake” in shooting down a U.S. drone but suggested it was an accident rather than a strategic error. Asked about a U.S. response, he said repeatedly, “You'll find out.”
    A few minutes earlier, a senior U.S. military officer said Iran shot down the huge, unmanned American aircraft over international waters in an attempt to disrupt U.S. efforts to monitor the Persian Gulf area where Trump has blamed Iran for attacking shipping vessels.
    But Trump said he could not imagine the missile attack on the drone was intentional and...
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  • Oil jumps 5% on Iran tension, potential U.S. fed rate cut

    4 monthes ago - By Reuters

    Oil soared more than 5% higher on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.
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  • Trump Says Iran Made ‘Big Mistake' Shooting Down U.S. Drone

    4 monthes ago - By Fortune

    Iran shot down an American spy drone near the entrance to the Persian Gulf under disputed circumstances, escalating tensions in a region that's been on the brink of a military confrontation for weeks. Oil prices surged.
    "Iran made a very big mistake!" President Donald Trump said on Twitter Thursday morning.
    Iranian media said the aircraft was hit inside Iranian airspace. The U.S. said the Global Hawk drone was flying in international airspace when it was shot down by an Iranian missile over the Strait of Hormuz, an oil choke point.
    "Iranian reports that the aircraft was over Iran are...
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  • US long-term mortgage rates little changed; 30-year at 3.84%

    4 monthes ago - By Chron

    WASHINGTON - U.S. long-term mortgage rates were little changed this week. The key 30-year, fixed-rate loan hovered around an average 3.8% for the third straight week.
    Before leveling off, rates marked six straight weeks of declines putting them at historically low levels during this spring's homebuying season. Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year mortgage ticked up this week to 3.84% from 3.82% last week. By contrast, a year ago the rate stood at 4.57%.
    The average rate for 15-year, fixed-rate home loans slipped this week to 3.25% from 3.26%.
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  • Trump says Iran made a 'very big mistake' by shooting down a US drone in an ominous tweet

    Trump says Iran made a 'very big mistake' by shooting down a US drone in an ominous tweet

    4 monthes ago - By Business Insider

    Iranian forces shot down a US drone over the Strait of Hormuz late Wednesday evening, according to US Central Command.
    President Donald Trump's first response to the incident was a short, ominous tweet that simply said that Iran had made a "very big mistake."
    Visit Business Insider's homepage for more stories.
    President Donald Trump tweeted that Iran made a "very big mistake" Thursday after Iranian forces shot down a US drone.
    The Iranian Revolutionary Guard Corps shot down a US Navy Broad Area Maritime Surveillance aircraft, specifically a RQ-4A Global Hawk High-Altitude, Long, Endurance...
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  • Oil prices rise amid report of Iran shooting down a U.S. drone

    4 monthes ago - By ETF Daily News

    From Reuters :
    KEY POINTS
    U.S. drone shot over the Strait of Hormuz, a U.S. official said.
    Earlier reports from Iran said drone was over Iranian airspace.
    Fed sees case building for interest rate cuts this year.
    Oil jumped nearly 3% to above $63 a barrel on Thursday after Iran shot down a U.S. military drone , raising fears of a military confrontation between Tehran and Washington.
    Also supporting oil were expectations that the U.S. Federal Reserve could cut interest rates at its next meeting, stimulating growth in the world's largest oil-consuming country, and a drop in U.S. crude...
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  • Iran Exposes Oil's Sea Change in the Persian Gulf

    4 monthes ago - By Washington Post

    The market can no longer depend on American military might to protect free trade.
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  • Iran just shot down one of the US military's most advanced drones - it costs more than an F-35 stealth fighter

    Iran just shot down one of the US military's most advanced drones - it costs more than an F-35 stealth fighter

    4 monthes ago - By Business Insider

    Iranian forces shot down a US surveillance drone late Wednesday evening, escalating an already tense situation between Washington and Tehran.
    The drone was an US Navy Broad Area Maritime Surveillance aircraft - a RQ-4A Global Hawk High-Altitude, Long, Endurance drone.
    This high-value aircraft is one of the US military's most advanced unmanned aerial systems, and it has a price tag much higher than that of an F-35A Lightning II Joint Strike Fighter.
    Drone experts say this particular unmanned system was supposed to be nearly impossible to shoot down.
    Visit Business Insider's home page for...
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  • Oil jumps 3% toward $64 as Iran shoots down U.S. drone in Gulf

    4 monthes ago - By Reuters

    Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.
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