New attacks on shipping as Iran war talks hit fresh impasse

The U.S. and Yemen's Iran-aligned Houthis reported separate attacks on shipping on Tuesday, as prospects for ending the Iran war appeared to dim. The attacks occurred in the Gulf of Oman leading to the Strait of Hormuz and at the entrance to the Red Sea, both crucial chokepoints for global oil supplies. The attacks come amid renewed pessimism about a quick end to the conflict, with oil prices rising and global shares falling.

Both Iran and the U.S. have escalated rhetoric in recent days, with Iran's top security official stating that the Strait of Hormuz will remain closed unless the U.S. accepts Iran's conditions, and Trump suggesting that the uncertainty could last for a while or that the U.S. might escalate the conflict.

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