President Donald Trump says the U.S. seized an Iranian-flagged cargo ship that tried to get around its naval blockade near the Strait of Hormuz. Iranian military slammed Sunday's seizure and vowed a swift response. It's the first such interception since the blockade of Iranian ports began last week. Trump said a U.S. Navy guided missile destroyer in the Gulf of Oman “stopped them right in their tracks by blowing a hole in the engineroom” and that U.S. Marines were seeing what's on board the vessel. The news threw into question Trump’s earlier announcement that U.S. negotiators would head to Pakistan on Monday for another round of talks with Iran. Iran didn't confirm it would attend.
People displaced by fighting between Hezbollah and Israel return to their villages in Lebanon following a ceasefire that went into effect Friday.
Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The price of U.S. crude oil increased 6.4% to $87.90 per barrel an hour after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 5.8% to $95.64 per barrel. The market reaction followed more than two days of lifted hopes and dashed expectations involving the strait. Crude prices plunged more than 9% on Friday after Iran said it would fully reopen the strait to commercial traffic. The country's government reversed course on Saturday after the U.S. vowed to maintain a naval blockade of Iranian ports.
Iran has reversed course on reopening the Strait of Hormuz and fired on a tanker attempting to pass the waterway. It said it will continue blocking transit as long as the U.S. blockade of Iranian ports remained in effect. The announcement Saturday came after U.S. President Donald Trump said the blockade “will remain in full force” until Tehran reaches a deal with the U.S. that includes its nuclear program. Tehran had reopened the strait Friday to commercial vessels. Roughly one-fifth of the world’s oil passes through the strait. Pakistani officials say the United States and Iran are moving closer to a deal ahead of the April 22 ceasefire deadline.
French President Emmanuel Macron says a French soldier was killed and three others wounded in an attack on U.N. peacekeepers in southern Lebanon. Macron identified the soldier as Staff Sgt. Florian Montorio from the 17th Parachute Engineer Regiment. He added that three of Montorio’s comrades were wounded and evacuated. He said that Hezbollah is likely responsible for the attack. Macron demanded that Lebanese authorities arrest those responsible and work with UNIFIL, the U.N. mission in southern Lebanon. Macron expressed respect and support for the families of the soldiers and all military personnel in Lebanon.
U.S. President Donald Trump and Iran’s foreign minister say the Strait of Hormuz is now fully open to commercial vessels. Iran’s Foreign Minister Abbas Araghchi posted on X that the strait “is declared completely open” in line with the ceasefire in Lebanon. Trump said in a social media post that the U.S. naval blockade on Iranian ships and ports would remain force until a deal is reached to end the war. The development followed the announcement of a 10-day ceasefire, which appeared to be holding on Friday. It was not clear whether the pause in Lebanon could lead to a lasting deal, but it could indicate that some progress was made.
Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record. The S&P 500 leaped 1.2% Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude. The Dow Jones Industrial Average leaped as many as 1,100 points before paring its gain and ended with a jump of nearly 870 points, or 1.8%, while the Nasdaq composite climbed 1.5%. A freer flow of oil could take pressure off prices not only for gasoline but also for groceries and all kinds of other products. Oil prices fell 9%.
Trump says Israel is 'prohibited' from further strikes on Lebanon, saying 'enough is enough' in Israel-Hezbollah war.
Trump says US blockade of Iran 'will remain in full force' until Iran reaches deal with US to end war.
A 10-day ceasefire announced by U.S. President Donald Trump and agreed on by Lebanon and Israel has started. The truce could boost attempts to extend the ceasefire between Iran, the United States and Israel after weeks of devastating war. Israel has not been fighting with Lebanon itself, but rather with the Iranian-backed Hezbollah militant group inside Lebanon. The ceasefire would begin at 5 p.m. ET Thursday. Nearly 2,200 people in Lebanon have been killed by Israeli air strikes. Meanwhile, Pakistan’s army chief met with Iranian officials in a bid to arrange a second round of negotiations between the United States and Iran.