Overview
- The U.S. Navy fired on and seized the Iranian cargo ship Touska in the Gulf of Oman on Sunday, a move President Trump announced on social media.
- Iran said it would retaliate soon and accused Washington of armed piracy and of breaking the April 8 ceasefire that is due to expire in two days.
- Oil prices jumped in early trading, with Brent up 5.89% to $95.70 and WTI up 6.40% to $89.22 around 09:30.
- European markets fell as energy costs rose, with Paris down about 1.16%, Frankfurt 1.16%, and Milan 1.06%, while 10-year yields climbed to 3.63% in France and 2.99% in Germany.
- A U.S. delegation led by Vice President JD Vance was set to travel to Pakistan to restart talks with Iran, but Tehran said it would not take part.