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US-Iran War, Ceasefire, Peace Talks Updates: The war is in its eighth week and has sent oil prices surging because of the closure of the Strait of Hormuz.

Strait of Hormuz remains in limbo due to military threats and US blockades, impacting global shipping and energy market,with millions of barrels of oil stranded | World News

Pakistan is trying to broker peace between Iran and the US as the deadline for Middle east ceasefire expires on Wednesday. | World News

Iran shuts Strait of Hormuz again after brief reopening, causing maritime delays.

US President Donald Trump said on Monday that U.S. forces seized an Iranian-flagged cargo vessel, TOUSKA, after it attempted to breach a U.S. naval blockade near the Strait of Hormuz, with the USS Spruance intercepting and disabling the ship before U.S. Marines took custody. The claim comes amid sharply reduced maritime traffic in the region following Iran's reported closure of the strait, with vessels backing up on both sides and several being turned back. The incident marks a significant escalation ahead of planned U.S.-Iran talks in Islamabad, which now appear uncertain after Tehran signaled it may withdraw, citing Washington's demands and the ongoing naval blockade.

Iran has rejected US negotiations and cancelled the peace deal, closing the Strait of Hormuz again. The US proposed talks, but Iran refused due to excessive demands and unrealistic expectations. Tensions remain high as a ceasefire nears expiration and both sides struggle to agree on next steps.

Iran's top official warned global fuel prices will remain unstable unless pressure on its oil exports ceases. He stated a free oil market is essential for everyone's security. Oil prices surged as tensions between Iran and the US disrupted tanker traffic in the Strait of Hormuz.

The market reaction followed more than two days of growing hopes and dashed expectations involving the strait.

U.S. Navy seizes Iranian ship near Strait of Hormuz, escalating tensions as Iran vows swift retaliation amid stalled negotiations.

Trump says cargo ship tried to get past US naval blockade near strait of Hormuz 'and it did not go well for them'