Tensions Escalate as Iran Seizes Ships in Strait of Hormuz

In a tense strategic move, Iran seized two ships on Wednesday in the Strait of Hormuz, heightening existing tensions after U.S. President Donald Trump called off intended military attacks. Iran's parliament speaker, Mohammad Baqer Qalibaf, attributed the escalation to the continued U.S. Navy blockade.

The vessels were apprehended for maritime violations, as reported by Iran's Tasnim news agency. This marks the first seizure by Iran since the war's onset in February, signaling a strong stance against perceived foreign dominance over the pivotal waterway.

Pakistan's ongoing mediation for peace talks has hit a stumbling block, as parties failed to meet. As a result, no new deadline for extending the ceasefire has been set, leaving global oil prices to climb as geopolitical stakes intensify.

(With inputs from agencies.)