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Renewed diplomatic activity is gathering momentum as Pakistan assumes a central mediating role in the stalled US‑Iran conflict. A senior Pakistani delegation, headed by Army Chief Field Marshal Asim Munir, arrived in Tehran to convey messages from Washington, while Prime Minister Shehbaz Sharif embarked on a regional tour that includes stops in Saudi Arabia, Qatar and Turkiye. Iran’s foreign ministry confirmed that Tehran and Washington have maintained contact since the Islamabad talks ended on Sunday, and the White House expressed optimism about convening a second round of peace negotiations in the Pakistani capital. Iran’s warning on the Strait of Hormuz added a sharp edge to the diplomatic push. Adviser Mohsen Rezaei cautioned that continued US enforcement of a naval blockade could prompt Tehran to target American vessels in the strategic waterway. The United States has already tightened restrictions on ships linked to Iranian ports, turning several vessels back before they can dock. In parallel, internal divisions in Washington persisted. The Senate rejected a resolution that would have limited US war powers without congressional approval, underscoring the political friction surrounding the conflict. Key diplomatic developments include: Second‑round talks: The White House announced that a follow‑up peace round with Iran is under discussion and that officials are hopeful a deal can be reached. China’s endorsement: Foreign Minister Wang Yi told his Iranian counterpart that Beijing supports maintaining the momentum of the ceasefire and ongoing negotiations. Saudi‑Pakistani engagement: Crown Prince Mohammed bin Salman met Prime Minister Sharif in Jeddah to discuss regional stability and the US‑Iran dialogue, with Pakistan’s mediation highlighted as a focal point. US‑Qatar dialogue: President Donald Trump consulted with Emir Sheikh Tamim bin Hamad Al Thani on regional developments, emphasizing oil market stability and gas pricing. On the US side, the administration imposed fresh sanctions targeting more than two dozen individuals, companies and vessels tied to Iranian oil magnate Mohammad Hossein Shamkhani. The US Central Command reported that 10 vessels were blocked from leaving Iranian ports within the first 48 hours of the naval blockade, a clear signal of escalating pressure. Israel’s Prime Minister Benjamin Netanyahu reiterated that Israel and the United States share “identical” objectives to contain Iran, while also stating that Israeli military operations would continue unabated. He emphasized the priority of dismantling Hezbollah in Lebanon, marking the first direct talks with Lebanese leaders in decades. In Lebanon, the humanitarian toll deepened. The Health Ministry reported that at least 2,167 people have been killed and more than 7,000 injured by Israeli strikes, with approximately 1.2 million residents displaced since March 2. The UN special rapporteur on housing warned that Israel’s tactics mirror those used in Gaza, calling for an immediate halt to the bombing. Economically, the war’s ripple effects are already manifesting worldwide. World Bank chief economist Indermit Gill warned that the conflict could push the number of people facing acute food insecurity up by about 20 %, adding roughly 300 million individuals to the crisis. Meanwhile, optimism over a potential diplomatic breakthrough sent major US stock indices to record highs on Wednesday. Overall, the convergence of high‑level diplomatic outreach, heightened military warnings, and growing economic concerns underscores a pivotal moment in the US‑Iran war, with Pakistan’s mediation and regional engagements shaping the prospects for a ceasefire.

The US military has announced that its blockade of Iranian ports has been 'fully implemented,' resulting in a complete halt to economic trade entering and leaving Iran by sea. According to US Central Command (CENTCOM), the blockade is being enforced against vessels of all nations 'entering or leaving coastal areas or ports in Iran.'In a statement, CENTCOM Commander Admiral Brad Cooper said that an estimated 90% of Iran's economy is fueled by international trade by sea. He noted that within 36 hours of the blockade's implementation, US forces had completely halted economic trade going into and out of Iran by sea. The operation involves over 10,000 sailors, Marines, and US Air Force personnel.In the first 24 hours, six merchant ships complied with US orders to turn around and re-enter an Iranian port. Additionally, a US Navy destroyer interdicted two oil tankers attempting to leave Iran, instructing them to turn around. The blockade, which went into effect on Monday at 10am in Washington, DC (14:00 GMT), has had a significant impact on global oil prices, which jumped above $100 per barrel before easing on hopes of further talks between the US and Iran.The blockade is seen as a move by US President Donald Trump to force officials in Tehran to accept Washington's terms for ending the conflict. However, Tehran considers the blockade a violation of the ceasefire, which could complicate the situation. Analysts suggest that the US may be hinting at renewed peace talks to ease the shock of the blockade on the global oil market.

Wall Street climbed to a fresh all‑time high on Wednesday as investor confidence rose on the prospect that the US‑Israel war with Iran could soon end.The benchmark S&P 500 closed at 7,022.95, breaking the 7,000‑point barrier for the first time and posting a 0.8% gain. The tech‑heavy Nasdaq surged 1.6% to 24,016.02, also a record, while the Dow Jones Industrial Average remained broadly flat.This rally has erased the steep losses recorded during the early weeks of the conflict, buoyed by the two‑week cease‑fire deal announced last week between the United States and Iran.In a Wednesday interview, former President Donald Trump told Fox Business the war was “very close to over,” a statement that lifted trader sentiment.The White House later clarified it had not requested an extension to the cease‑fire, which is set to expire on 22 April, but said negotiations were “productive and ongoing.”Quarterly earnings from Bank of America and Morgan Stanley beat market estimates, reinforcing confidence in the economy. Bank of America CEO Brian Moynihan highlighted strong consumer spending, improving credit quality, and increased corporate line usage.Despite reports that the United States is preparing a naval blockade of the Strait of Hormuz—a chokepoint for roughly a fifth of the world’s oil and gas shipments—the markets stayed upbeat. The Pentagon has deployed 15 warships and thousands of service members to enforce the restriction.Oil markets reacted positively to the cease‑fire news, with Brent crude falling about 10% to around $95 a barrel, though this price remains roughly 35% above pre‑conflict levels.

The US military's Central Command (CENTCOM) reported that no ships 'made it past' the blockade in the Strait of Hormuz during its first 24 hours. Six merchant ships were ordered to turn around after being intercepted. The blockade, which began after failed US-Iran talks in Pakistan, applies only to vessels entering and exiting Iranian ports, while others remain free to transit the waterway.CENTCOM stated that 10,000 US sailors, Marines, and airmen are involved in the operation, along with more than a dozen US warships and dozens of aircraft. The blockade's effectiveness has raised concerns about Iranian retaliation and its impact on global oil markets.Despite CENTCOM's report, there are conflicting accounts of ships transiting the strait. Reuters reported at least three vessels, including two US-sanctioned tankers, passed through without heading to Iranian ports. However, AFP and US media outlets reported two ships left Iranian ports and transited the waterway.The situation remains tense, with Iran condemning the blockade as 'piracy' and Trump threatening to 'eliminate' any Iranian ships that attempt to break the blockade. Both sides have signaled openness to further talks, with Trump suggesting potential developments within two days and Iran expressing willingness to negotiate on issues like the Strait of Hormuz, Iran's nuclear program, and a ceasefire extension to Lebanon.

President Donald Trump asserted that a diplomatic path remains open for Tehran, even as the United States enforces a naval blockade of Iranian ports and Israel deepens its ground offensive in southern Lebanon. Iran’s leadership denounced the blockade as "piracy" and thousands gathered in Tehran to demonstrate against the restriction on maritime traffic through the strategic Strait of Hormuz. The Associated Press reported that diplomatic channels are still active; Pakistan has volunteered to host a second round of negotiations in Islamabad later this week. US blockade and protests: The enforcement of the maritime restrictions has provoked Iranian accusations of illegal action and sparked street protests in the capital. Tehran’s legal stance: Iran’s armed forces labeled the blockade unlawful, warning that targeting its ports could jeopardize broader Gulf shipping. IRGC warning: A Revolutionary Guard spokesperson hinted that Iran retains "unused capabilities" and may adopt new tactics if the confrontation escalates. Parliamentary support for the Pope: Speaker Mohammad Bagher Ghalibaf praised Pope Leo XIV’s condemnation of the war, describing it as courageous. Russian nuclear staff pull‑out: Moscow has withdrawn most of its personnel from Iran’s sole nuclear power plant, a project built with Russian assistance. Qatar’s mediation call: Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani urged both Washington and Tehran to engage constructively in mediation. Pakistan’s ceasefire assessment: Prime Minister Shehbaz Sharif said the US‑Iran truce is holding, even as weekend talks failed to produce a breakthrough. Shipping disruption: A UN spokesperson warned that there is no military solution and noted that roughly 20,000 vessels are stranded, straining global supply chains, especially for fertiliser. UK push for Lebanese inclusion: London advocated adding Lebanon to the US‑Iran ceasefire framework, which currently omits Hezbollah‑related fighting. US‑Lebanon diplomatic talks: Israeli and Lebanese ambassadors are slated to meet in Washington to discuss halting hostilities. Hezbollah’s rejection: Leader Naim Qassem urged Lebanon to cancel the planned Washington meeting, reaffirming the group’s opposition to any direct dialogue with Israel. Russia’s uranium offer: The Kremlin reiterated its willingness to accept Iran’s enriched uranium as part of a broader US‑Iran settlement, echoing President Vladimir Putin’s statements. Trump on Iranian outreach: The former president claimed Iranian officials have expressed a strong desire to negotiate, though he did not identify the interlocutors. Trump’s stance on the Pope: He dismissed criticism of Pope Leo XIV as unwarranted, labeling the pontiff "weak" on key issues, including Iran. Threat to Iranian vessels: Trump warned that U.S. forces will neutralise any Iranian fast‑attack ships that approach the blockade zone. Domestic political pressure: Senate Democrats, led by Chuck Schumer, are pushing for a new vote to limit the president’s war‑making powers, citing rising U.S. fuel prices. Protester arrests in New York: Approximately 90 demonstrators, including whistleblower Chelsea Manning and actor Hari Nef, were detained during a Manhattan traffic‑stop protest against the war and U.S. arms sales to Israel. Israel’s buffer‑zone push: Israeli forces continue ground and air operations in southern Lebanon, razing structures in border towns such as Naqoura to create a security buffer. Hezbollah retaliation: The group has intensified rocket and drone attacks on Israeli positions in locations like Bint Jbeil and Biyyada. Accusations of a "Greater Israel": Hezbollah chief Hassan Qassem accused Prime Minister Benjamin Netanyahu of pursuing an expansionist agenda backed by the United States. Diplomatic tension with Italy: Israel summoned the Italian ambassador after Italy’s foreign minister condemned Israeli attacks on Beirut as "unacceptable". Casualties in Lebanon: Israeli operations have raised the death toll in southern Lebanon since March 2 to at least 2,089, including a recent drone strike that killed two civilians near Nabatieh. Public opinion in Lebanon: Lebanese citizens are divided, with some weary of the conflict and hopeful for diplomacy, while others distrust Israel’s intentions. Canadian casualty: Canada’s foreign minister confirmed that a Canadian national died in southern Lebanon, though details remain scarce. Energy implications: Reuters reported that a Chinese‑owned tanker, sanctioned by the United States, successfully navigated the Strait of Hormuz despite the blockade, underscoring the challenges of enforcement. Oil market outlook: U.S. Energy Secretary Chris Wright warned that oil prices could keep climbing until "meaningful ship traffic" resumes through the strait.

Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the Strait of Hormuz. The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.US Central Command said it would start at 10am ET (5.30pm in Iran and 3pm in the UK), blocking all Iranian Gulf ports and coastal areas, in effect seizing control of maritime traffic in the Strait of Hormuz. The news drove oil and gas prices sharply higher again, after the two-week ceasefire between the US and Iran announced on Wednesday prompted a sharp fall in energy prices, and crude ended the week below the psychological $100 a barrel threshold.Brent crude rose by nearly 7% to $101.74 a barrel on Monday morning, while US crude is up more than 8% to $104.69 a barrel. Gas prices also increased, with the British wholesale gas contract for May soaring by 11.7% to 122.5p a therm. Analysts at JPMorgan Chase said last week they expected oil prices to stay high in the second quarter, above $100 a barrel, before easing in the second half of the year.Most Asian stock markets fell on Monday, with Japan’s Nikkei down 0.7% and Hong Kong’s Hang Seng index losing 1%, while Chinese stocks rose slightly. Sentiment was helped by Beijing’s announcement of a 10-initiative strategy aimed at deepening ties with Taiwan. European stocks also fell, led by airlines including Lufthansa, Wizz Air, easyJet and British Airways parent IAG. The FTSE 100 index in London lost 0.4%, dropping 45 points to 10,555. Germany’s Dax fell 1%, Italy’s FTSE MiB slipped 0.7% and Spain’s Ibex was down 1.1%. With oil and gas prices rising sharply higher, energy companies such as BP and Shell are rallying.Priyanka Sachdeva, senior market analyst at the broker Phillip Nova, said: “In today’s environment, every barrel of risk added to oil markets carries an inflation price tag for the global economy.” She added: “The market reaction underscores a simple but powerful reality: Hormuz risk is not theoretical; it is structural, and it is real.”Interest rate expectations have shifted again; investors now see an 84% chance of two rate increases from the Bank of England this year to tackle rising inflation, up from 60% on Friday. Before the Iran war, the central bank was expected to cut rates. The price of gold fell 0.4% to $4,730.75 an ounce as the blockade fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.

The United States is set to implement a blockade on ships traversing the Strait of Hormuz, a vital passage for global oil exports. This move was announced by former US President Donald Trump. The Strait of Hormuz is a critical waterway, with a significant portion of the world's oil supply passing through it.The blockade could have substantial implications for global oil markets and international trade, potentially leading to increased tensions in the region. The Strait of Hormuz is a key route for oil shipments from the Middle East to the rest of the world.

Three Very Large Crude Carriers (VLCCs) successfully navigated the Strait of Hormuz on Saturday, marking a rare movement of oil cargoes amid the fragile truce between the United States and Iran.The vessels – the Liberia‑flagged Serifos, and the China‑flagged Cospearl Lake and He Rong Hai – each can transport about 2 million barrels of crude, collectively representing a significant volume for a waterway that channels roughly 20% of the world’s oil and LNG shipments.According to data from the London Stock Exchange Group (LSEG) and analytics firm Kpler, the Serifos is chartered by Thailand’s state‑owned energy firm PTT. Loaded with Saudi and UAE crude in early March, it is slated to dock at Malaysia’s Malacca Port on April 21.The other two carriers, Cospearl Lake and He Rong Hai, are chartered by Unipec, the trading arm of Chinese energy giant Sinopec. Cospearl Lake, carrying Iraqi oil, is expected to reach China’s Zhoushan port on May 1, while the destination for He Rong Hai remains undisclosed.Earlier, a tanker named Ocean Thunder, chartered by a Petronas subsidiary, also transited the strait, underscoring a gradual, albeit limited, resumption of traffic.Despite these movements, hundreds of tankers remain stranded in the Gulf, awaiting clearance during the two‑week ceasefire. Their prolonged idling continues to pressure global energy prices, which have surged since Iran’s blockade began in late February.In addition to the loaded vessels, three empty tankers – Mombasa B, Agios Fanourios I, and Shalamar – were observed heading into the strait on Sunday to load fresh cargoes. Notably, Agios Fanourios I signaled a route to Iraq’s Basrah fields to pick up crude destined for Vietnam.Management firms such as Eastern Mediterranean Maritime, Cmb.Tech NV, and Pakistan National Shipping have not provided comments on the recent transits.While the passage of these three supertankers offers a modest relief to the global oil supply chain, the overall situation remains precarious. The continuation of the ceasefire and the resolution of Iran’s blockade will be critical determinants of oil market stability in the weeks ahead.

The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.