Tensions in the Middle East escalated as the fragile two-week ceasefire between the US and Iran came under pressure following the US seizure of an Iranian cargo ship attempting to breach its blockade. Iranian state media reported that Tehran would not engage in a second round of negotiations, set to take place in Pakistan, citing 'excessive demands' from the US as a key reason for its withdrawal. US President Donald Trump had previously warned Iran of severe repercussions, stating that the US would destroy critical infrastructure if Tehran rejected its terms. The US military confirmed that the USS Spruance intercepted the Iranian-flagged Touska ship, which was reportedly trying to reach an Iranian port, leading to a significant spike in oil prices and fluctuations in stock markets. As the situation develops, analysts are closely monitoring the implications for regional stability and international markets.