US President Donald Trump announced the seizure of the Iranian‑flagged cargo ship TOUSKA, intensifying tensions ahead of a cease‑fire deadline.
Iran rejected a second round of talks, citing excessive demands and a U.S. naval blockade, as the cease‑fire ends this week.
Oil prices rose after a prior slump, as analysts noted renewed Persian Gulf tensions could disrupt the Strait of Hormuz oil flow.
U.S. Energy Secretary Chris Wright said negotiations are progressing, describing Trump as a ‘creative negotiator’ and expecting the Strait to reopen soon.