Hormuz Showdown Deepens After Failed Talks

The strategic waterway remains the central flashpoint of the conflict, with both nations asserting conflicting claims of control.

While the US military claims its warships have begun mine-clearing operations, Iranian officials have denied any American presence and threatened a forceful response.

The International Maritime Organisation has warned against Iran's attempts to charge tolls for passage through the strait, labeling such actions a violation of international law.

The continued instability in this vital corridor is driving global oil prices higher and forcing traders into a frantic race for prompt deliveries.