The Newsmakers54
The US attacked and seized an Iranian-flagged vessel in the Strait of Hormuz as Tehran says it has no plans for the next round of talks in Islamabad. Meanwhile, traffic in the key waterway remains highly restricted. On top of the US blockade of the Iranian ports that came into effect last week, several vessels trying to pass the Strait have come under Tehran’s fire, according to multiple media outlets.
As oil prices continue to rise and ripple through the global economy, analysts warn that the negative effects of this war could soon become entrenched. With the US-Iran two-week conditional ceasefire set to expire this Wednesday, could the two sides reach an agreement, or will hostilities resume?
