Standoff at Hormuz escalates as U.S. and Iran seize ships amid fragile ceasefire

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Source: CNBC
Standoff at Hormuz escalates as U.S. and Iran seize ships amid fragile ceasefire
Photo: CNBC
TL;DR Summary

The United States and Iran are in a naval standoff around the Strait of Hormuz during a fragile ceasefire, seizing ships and blocking tanker traffic while Brent crude tops $100 as both sides seek leverage; crossings are sporadic, with reported ship seizures and intercepted tankers, and UKMTO warns of heightened activity and ongoing risk of renewed fighting.

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