Cargo vessel struck as Hormuz tensions endure after ceasefire lapses

A cargo ship was hit by a projectile in the Strait of Hormuz after the 60-day ceasefire expired, with Iran warning vessels and the U.S. and Iran digging in for a longer standoff. One crew member was injured and the remaining crew were aided by the Omani Coast Guard. President Trump ruled out extending the ceasefire, signaling no immediate de-escalation, while analysts expect a prolonged standoff and at best a partial renewal of Hormuz traffic. Oil prices edged higher as alternate routes and cautious routing limited price spikes.