US-Iran ceasefire on the brink

The fragile two-week ceasefire between the United States and Iran is nearing its expiration as both nations trade accusations of serious violations.

Following the U.S. Navy's seizure of the Iranian-flagged vessel Touska in the Gulf of Oman, Iranian officials have signaled they may boycott the second round of peace talks in Islamabad.

President Donald Trump has maintained a hardline stance, warning of severe military strikes against Iranian infrastructure if a comprehensive deal is not reached.

Meanwhile, global energy markets remain highly volatile as shipping traffic through the critical Strait of Hormuz has slowed to a virtual standstill.