Iran War Live Updates: Reported Ship Seizures Add to Anxiety in Oil Markets
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- Iran closed the Hormuz Strait, delaying Indian oil shipments as long as the U.S. blockade persists.
- Trump said he does not consider Iran’s reported ship seizures a violation of the cease‑fire, according to the White House.
- US is withholding Iraq’s oil revenues because of Iranian ties, adding financial pressure to the regional conflict.
Why it matters: Indian importers lose timely oil deliveries, costing them billions, while U.S. firms gain leverage over Iranian financing; the market sees price spikes and supply chain disruptions.
