Overview
- Trump rejected Iran’s revised proposal on Saturday to reopen the Strait of Hormuz in return for lifting the U.S. naval blockade, keeping the blockade in place and talks stalled.
- A senior Iranian commander, Mohammad Jafar Asadi, said renewed war with the United States is likely, describing Washington as unwilling to keep promises under the fragile truce.
- U.S. authorities seized Iranian oil tankers M/T Majestic and M/T Tifani under court warrants, and Iran’s Foreign Ministry called the actions piracy in a new dispute over maritime enforcement.
- Israel said it struck Hezbollah’s command sites and military buildings in southern Lebanon on Friday, highlighting a broader regional flare-up connected to the U.S.–Iran standoff.
- Prediction markets now price the chance of a U.S.–Iran ceasefire near zero and expect higher crude risk, as the blocked strait—normally carrying about a fifth of global seaborne oil—pushes up fuel costs for households and strains shippers trying to route cargo around the Gulf.