Home Business Oil rises after U.S. Navy destroys Iranian drone Business Oil rises after U.S. Navy destroys Iranian drone By Genpie - July 19, 2019 158 0 Facebook Twitter Google+ Pinterest WhatsApp Oil prices rose more than 1% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.