Tensions in Strait of Hormuz continue after Iran seized three ships, two captured, citing US blockade.
US President Trump announced extension of a two‑week cease‑fire with Iran at Pakistan’s request, pending a unified peace proposal.
Oil prices rose 1.8% to $103.70 per barrel as market fears of supply disruptions persist, raising inflation concerns.
Mediators from Pakistan, Turkey and Egypt aim to arrange a meeting by Friday, while US VP Vance’s Pakistan visit is on hold.