Iran War Live Updates: Iran and US stand divided on ceasefire, blockade, nuclear issues and control of Strait of Hormuz
Tensions escalate between Iran and the US as Iran seizes two ships in the Strait of Hormuz, prompting the US Navy to intercept two Iranian oil vessels. The incident has sparked concerns over maritime security and the impact on global markets.
Iran has seized two ships in the Strait of Hormuz, a strategic waterway, amid rising tensions with the US. The US Navy responded by intercepting two Iranian oil vessels in the strait. Iran's Foreign Minister Abbas Araghchi blamed 'aggressors' (US and Israel) for any instability in the region. Panama condemned Iran's seizure of the Italian-owned, Panamanian-flagged vessel 'MSC Francesca', calling it 'illegal' and a 'serious threat to maritime security'. The incident has led to a rise in oil prices, fuelling fears of inflation and high interest rates. Gold prices fell in choppy trade as investors sought clarity on stalled peace talks between the US and Iran.
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