US forces seized Iranian-flagged cargo ship M/V Touska, intensifying Middle East tensions and casting doubt on peace talks.
Major US indices slipped, with S&P 500 down 0.2% to 7,110.22, Nasdaq down 0.3% to 24,404.39, ending recent rally.
Brent crude rose 5.1% to $95.02 and WTI up 5.2% to $86.92 amid blockade‑driven supply concerns.
Upcoming Q1 earnings from firms like Boeing, Tesla and P&G will be watched for impact of the conflict.