- Oil prices rose after the US seized an Iranian cargo ship, the Touska, which has jeopardised peace efforts and hopes for reopening the crucial Strait of Hormuz.
- Brent crude oil jumped 5% to 94.72 US dollars a barrel, raising concerns about increased petrol and diesel costs for UK households and potential rises in energy bills.
- US forces attacked the Touska for attempting to breach a blockade on Iranian ports, with Donald Trump stating a US warship disabled the vessel's engine room.
- The incident has cast doubt on scheduled US-Iran talks in Pakistan, with Trump threatening military action if a deal is not reached, while Iranian state media suggested Tehran would not participate.
- Foreign Secretary Yvette Cooper insisted that any resolution must ensure full freedom of navigation through the Strait of Hormuz, without Iran imposing tolls for passage.
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