US President Donald Trump says envoys will travel to Pakistan for new peace talks as two‑week ceasefire expires this week.
Iran rejects a second round, citing “excessive demands,” shifting U.S. positions and ongoing naval blockade, and declares Strait of Hormuz closed again.
U.S. Navy seized Iranian‑flagged cargo ship TOUSKA in Gulf of Oman, Marines now have custody, raising tensions and pushing oil prices higher.
ING analysts note energy markets strengthen as Persian Gulf tensions rise, after earlier sell‑off on hopes of resumed Hormuz traffic.