US-Iran Conflict Escalates as US Intercepts Iranian Tanker, Oil Prices Rise

US Iran war LIVE updates: US intercepted a Iranian ship in the Hormuz earlier on Tuesday and stopped it from reaching its destination, accoring to a statement from US Central Commad. The White House said the US is reviewing Iran’s proposal to ease control over the Hormuz, as oil prices stay elevated | World News

Image source: Internet

The United States Central Command said the guided-missile destroyer USS Rafael Peralta intercepted the tanker M/T Stream on Sunday, preventing it from reaching its destination.

Oil prices edged higher as traders weighed prospects for peace talks in the Iran conflict, with the US reviewing Tehran’s proposal while the Strait of Hormuz remained largely impassable.

The US Treasury Secretary Scott Bessent said the American blockade on Iranian ports is severely impacting the country’s oil sector, pushing it toward a potential shutdown.

Iran's foreign minister Abbas Araghchi met Russian President Vladimir Putin as negotiations with the US to end the eight-week war remain stalled.