US-Iran Tensions Escalate After Drone Strike Over the Strait of Hormuz

Iran's military said it destroyed an advanced U.S. drone over the Strait of Hormuz. According to Sina Finance, the Islamic Revolutionary Guard Corps said on Monday that its new advanced air and aerospace defense system intercepted and destroyed an advanced MQ-1 Predator drone over the strait, without giving further details about the mission. U.S. President Donald Trump said the United States could continue military action against Iran and seize Iranian oil, comparing the idea with a U.S. deal with Venezuela earlier this year. According to Sina Finance, Trump said on Sunday that the war could end this year, possibly after the November midterm elections, and said gasoline prices would fall sharply once it ended. Talks planned in Oman between Gulf states and Iran on cooperation over the Strait of Hormuz have been postponed. According to Sina Finance, Oman said on Sunday the delay was needed to build consensus among the parties.