Hormuz blockade persists despite ceasefire

Global energy markets are under extreme pressure as the Strait of Hormuz remains at a near standstill more than 48 hours into a regional truce.

While a few Tehran-linked vessels have transited the chokepoint, hundreds of tankers remain backed up amid reports that the Iranian Revolutionary Guard has mined the passage.

The ongoing blockade has triggered critical fuel shortages in Europe and forced Asian allies to seek alternative energy sources from Russia and China.

Diplomatic efforts in Pakistan this weekend are expected to center on a 'practical plan' to restore freedom of navigation through the world's most vital oil route.