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Global Business News

The Economic Times

Global Business / The Economic Times

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World awaits fate of ceasefire after US seizes Iranian ship

Concerns over a ceasefire collapse grew as the U.S. seized an Iranian cargo ship, prompting Iran to vow retaliation and reject further peace talks. The incident jeopardizes efforts for regional peace, with Iran citing blockades and U.S. demands. Oil prices surged amid fears of continued Gulf traffic disruptions.

20 Apr 2026 1:30 pm