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US Seizes Iranian Ship as Tehran Rejects Claims of a Near Deal

Tighter checks at the vital Gulf chokepoint are driving new risks for energy trade.

Overview

  • US forces seized an Iranian cargo ship and tightened Strait of Hormuz enforcement as Iran said talks with the United States are far from final.
  • Indian outlets reported that patrols turned back 27 vessels and that an Iranian tanker called Silly City slipped through, though these specifics remain unverified.
  • Oil and fuel prices jumped again, with some measures up about 35% since the conflict began, because the Strait of Hormuz carries a large share of the world’s seaborne crude.
  • Indian factories and drivers faced strain, with local reports of fuel shortages in Ghaziabad and warnings that longer shipping delays could choke supplies.
  • Political tensions rose in India, with Congress filing a privilege notice against Prime Minister Narendra Modi and the Election Commission acting on more than 11,000 social posts to police online campaigning.