Oil edges up as US downs Iranian drone and armed boats shadow tanker near Strait of Hormuz
Oil futures rose roughly 2% after U.S. forces shot down an Iranian drone and a group of Iranian gunboats approached a U.S.-flagged tanker in the Strait of Hormuz, raising concerns that diplomatic efforts to reduce tensions could be disrupted. Prices were also influenced by estimates of a large weekly draw in U.S. crude inventories and wider geopoli…