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4w ago

U.S. Seizes Iranian Ship After Iran Rejects Talks

The clash threatens a vital oil chokepoint that carries about one-fifth of seaborne crude.

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Overview

  • U.S. forces, which fired on the Iranian-flagged cargo ship Touska on Sunday, seized the vessel after it tried to run the American naval blockade, and Marines now have custody, according to President Donald Trump and U.S. Central Command.
  • Iran said it will not attend a second round of Pakistan‑hosted peace talks, citing the U.S. blockade and shifting demands, as a 10‑day ceasefire nears its Wednesday expiration.
  • The Strait of Hormuz was effectively restricted again after Iranian gunboats fired on tankers and multiple vessels turned back, with no tankers transiting Sunday, maritime data and UKMTO reporting show.
  • Oil prices jumped about 6% to 7% in early trading, with Brent near $97 and WTI around $90, while the dollar firmed and U.S. stock futures slipped as investors reassessed the risk of renewed conflict.
  • The strait normally moves roughly one‑fifth of global oil, so sustained limits can lift gasoline and jet prices for weeks because cargoes take 40 to 60 days to arrive and re‑routing is slow.