Iran’s Revolutionary Guard said early Thursday it had shot down a U.S. RQ4 Global Hawk drone over its territory. That claim came hours after the U.S. military said a Saudi desalination plant was struck by a missile that appeared to come from Yemen. “The market has been largely underpricing ongoing Middle Eastern tension for some time now but these growing tensions between Iran and the U.S., and Iran and the Saudis bring it back to center stage for many of us,” said Warren Patterson, commodities strategist at ING. An oil facility on the Kharg Island in the Persian Gulf. Photo: atta kenare/Agence France-Presse/Getty Images These developments mark the latest in a series of flashpoints in the Middle East, with tensions ratcheting up over recent weeks, with Saudi Arabia and the U.S. on one side, and Iran and Houthi Yemenis on the other. Oil prices received a sharp boost last […]