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Iran’s Revolutionary Guards said they shot down a US MQ-1 drone over Qeshm Island, according to Fars news agency. The incident adds a fresh flashpoint to already tense US-Iran relations and could revive volatility in oil and other risk assets. Traders will watch Washington’s response and whether the downing is treated as a one-off or part of a broader escalation.

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Iran's Revolutionary Guards, United States, MQ-1 drone, Qeshm Island, Fars