Surged as much as 3. 9 percent while west texas intermediate jump by 6 percent before falling back to the mid pfizer around noon iranian officials claim the drone was in their air space when it was down while the u. S. Armed forces directorate for the region Central Command insisted that the drone was attacked over International Waters now joining us to drill deeper into the dilemma are david mack and they need the c. E. O. Of mckelvey Wealth Management and former pentagon official Michael Maloof thank you both for being here so michael lets start off with the geopolitical aspects of everything going on here we know the importance of the strait of hormuz when it came to congress can you tell us how this has been a soft spot for iran in the past its been a contentious period contentious area for quite some time you can go back to the to the socalled tanker war during the iran iraq iraq war and then subsequent events leading. Up to that when iraq was shipping oil through. Canadian ships
Both for being here so michael lets start off with the geopolitical aspects of everything going on here we know the importance of the strait of hormuz when it came to congress can you tell us how this has been a thought baran in the past its been a contentious period contentious area for quite some time you can go back to the to the socalled tanker war during the iran iraq iraq war and then subsequent events leading up to that when iraq was shipping oil through. Canadian ships im sorry on kuwaiti ships and and they were they were attacked by iran and as a consequence reagan. Knocked out some of the Oil Platforms that were there in a very restricted air strike and then stopped and then there was the escort the armed escort afterwords. Of these ships and then you fast forward again to about 2008 there was another another episode in which. U. S. Ships were patrolling the area trying to keep the waterways open and once again small iranian ships are boats rather would try to buzz it and att
Responses on thursday morning prices spiked after u. S. President donald trump responded to the incident on twitter brant crude prices surged as much as 3. 9 percent while west texas intermediate jump by 6 percent before falling back to the mid pfizer around noon iranian officials claim the drone was in their air space when it was down while the u. S. Armed forces directorate for the region Central Command insisted that the drone was attacked over International Waters now joining us deeper into the dilemma are david mack ommaney the c. E. O. Of mckelvey Wealth Management and former pentagon official Michael Maloof thank you both for being here so michael lets start off with the geopolitical aspects of everything going on here we know the importance of the strait of hormuz when it came to congress can you tell us how this has been a soft spot for iran in the past its been a contentious period contentious area for quite some time you can go back to. To the socalled tanker war during the