Tehran warns of ship seizures in Hormuz

Tensions are escalating between Iran and the United States following Washington's announcement of the largest financial and trade assault against Tehran. Iran responded with threats to seize vessels violating regulations in the Strait of Hormuz and to impose fees on maritime traffic in the region. These developments come after a 60-day ceasefire ended without an agreement being reached. The escalation reflects concerns over a worsening situation, amid anticipation of oil prices that have dropped to around $93 per barrel.