Iran’s Foreign Ministry condemned the seizure of Iranian cargo ship Touska by US forces and called for the “immediate release of the Iranian vessel, its sailors, crew and their families”, according to CNN

This condemnation from Iran's Foreign Ministry signals heightened tensions in the region following the seizure of an Iranian cargo ship by US forces. Such geopolitical friction could influence energy markets, particularly oil prices, as traders factor in risks to supply and potential disruptions in transit routes. Watch for possible impacts on WTI and related assets as the situation develops.