US-Iran Ceasefire in Jeopardy Following Seizure of Iranian Cargo Ship

Dubai. The ceasefire between the United States and Iran appeared to be in crisis on Monday. After the US military seized an Iranian cargo ship, Tehran warned of retaliation and refused to participate in new peace talks. Iranian Foreign Ministry spokesperson Esmaeil Baghaei accused the US of 'not being serious about the diplomatic process.'

He clarified that Iran will not change its demands and will not accept any deadlines or pressure regarding its national interests. The US had prepared to initiate a new round of talks in Islamabad before the two-week ceasefire expired. However, according to Baghaei, the talks have become uncertain because the US remains stuck in an 'irrational and unrealistic stance.'

According to high-level Iranian sources, the continuation of US sanctions has weakened the prospects for negotiations. Specifically, it has been stated that Iran's 'defensive capabilities,' such as its missile program, cannot be a subject of any discussion.

Meanwhile, Pakistan has played the role of a mediator. Pakistan Army Chief Asim Munir, in a conversation with US President Donald Trump, stated that the main obstacle to the talks is the sanctions. Trump has said he will consider the suggestion.

While the US maintains a blockade on Iranian ports, Iran has repeatedly created obstructions to ship traffic in the Strait of Hormuz. Since this waterway supplies nearly 20 percent of the oil and gas consumed globally, its obstruction has had a major impact on the world market.

Amid these developments, the price of crude oil in the global market rose by more than 6 percent on Monday, and the stock market became volatile. According to analysts, traders are worried about the potential end of the ceasefire.

US Action and Iran's Response

On Sunday, the US military fired upon a ship flying the Iranian flag, disabling its engine. Subsequently, in a video released by the US Central Command (CENTCOM), US Navy personnel are seen descending onto the ship from a helicopter. Iran, claiming the ship was coming from China, has accused the US of 'armed robbery.'

The Islamic Revolutionary Guard Corps (IRGC) stated that while it is prepared to face 'open US aggression,' it could not respond immediately because the families of the crew were on board. China has also expressed concern over this incident and urged all parties to act responsibly.

Threats and Counter-threats

Iranian Vice President Mohammad Reza Aref warned via social media, 'If Iran's oil exports are stopped, security will not be guaranteed for others either.'

Previously, Trump had threatened to destroy Iran's bridges and power infrastructure if his conditions were not met. In response, Iran has warned that if its infrastructure is attacked, it will target the energy facilities of US allies in the Gulf region.