NEW YORK, July 23 (Xinhua) -- Oil prices continued to rise on Tuesday, as the market closely observed the latest development of U.S.-Iran frictions, raising concerns over global oil supply.
Iran is in possession of intercontinental drones and will use them if the need for a long-haul mission arises, Iran's navy commander said on Tuesday.
Hossein Khanzadi said that "we can bravely declare that we observe all enemy ships, particularly Americans, point-by-point from their origin until the moment they enter the region."
On the U.S. side, a U.S. warship may have downed more than one Iranian drone last week, General Kenneth McKenzie, the head of U.S. Central Command, told the media on Tuesday.
U.S. President Donald Trump announced the U.S. action last Thursday, claiming that the Iranian drone was "destroyed" in the Strait of Hormuz, but Tehran later denied the U.S. assertion.
The West Texas Intermediate for September delivery rose 0.55 dollar to settle at 56.77 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 0.57 dollar to close at 63.83 dollars a barrel on the London ICE Futures Exchange. Enditem
