U.S. Seizes Iranian-Flagged Cargo Ship Amid Escalating Tensions
The United States has seized an Iranian-flagged cargo ship in the Gulf of Oman, escalating tensions between the two nations. President Trump announced the seizure, citing the ship's history of illegal activity and its status under U.S. Treasury sanctions. This action follows Iran's refusal to participate in peace talks in Pakistan. The incident has led to a significant drop in stock futures, with the Dow Jones Industrial Average futures falling by 425 points. Additionally, crude oil prices surged, with West Texas Intermediate futures rising by 7% to $90.33 per barrel. The situation is further complicated by the expiration of a ceasefire between the U.S. and Iran, with President Trump threatening further military action if Iran does not agree to U.S. demands. 
