HEADLINES
Oil climbs as US-Iran tensions spark selloff
US seizes Iranian ship; Iran vows retaliation
Hormuz traffic stalls at three daily crossings

The time is now 10:01 PM in New York, I'm Noa Levi and this is the latest Israel Today: Ongoing War Report.

In Regional Impacts, oil surges and stocks fall as US-Iran tensions threaten Strait of Hormuz shipping flows. Oil prices jumped, and global equities pulled back on Monday as markets grew increasingly concerned that the ceasefire between the United States and Iran might not hold, while tensions over the Strait of Hormuz escalated. Brent crude futures rose about 5% to $94.92 a barrel. MSCI's world share index was last down around 0.26%, with Europe's STOXX 600 down 1.1%, after Asia's equity markets shrugged off risks and advanced. S&P 500 futures were 0.54% lower. Concerns grew that the ceasefire might falter after the US said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate. The US has maintained a blockade of Iranian ports, while Iran has lifted and then reimposed its own blockade on marine traffic passing through the Strait of Hormuz. Shipping traffic through the Strait remained at a virtual standstill on Monday with just three crossings in 12 hours, according to shipping data. Kpler data showed that more than 20 vessels carrying oil products, metals, gas, and fertilizer had passed through the Strait on Saturday, the busiest day for the chokepoint since March 1.

Thank you for tuning in to this Israel Today: Ongoing War Report update.
I'm Noa Levi. Stay safe and informed.
Keep in mind that this AI-generated report may contain occasional inaccuracies, so consult multiple sources for a comprehensive view. Find the code and more details in the podcast description.

SOURCES
https://www.jpost.com/business-and-innovation/all-news/article-893658