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Ceasefire Wavers as U.S. Seizes Iranian Ship and Tehran Rejects New Talks

U.S. Navy intercepts an Iranian cargo vessel in the Arabian Sea, escalating tensions and putting the fragile ceasefire at risk. A fragile U.S.–Iran ceasefire is under renewed strain after the U.S. Navy seized an Iranian‑flagged cargo ship in the Arabian Sea, prompting Tehran to reject participation in new peace talks and warn of retaliation.  Iranian officials accused Washington of “armed piracy” after U.S. Marines boarded and disabled the vessel following a six‑hour standoff. Tehran said the ship had been traveling from China and insisted its “defensive capabilities,” including its missile program, were not up for negotiation.  The U.S. had hoped to restart negotiations in Pakistan before the two‑week ceasefire expires, but Iran’s foreign ministry said Washington was “not serious” about diplomacy and was insisting on “unreasonable and unrealistic positions.” Pakistani mediators also warned that the ongoing U.S. blockade of Iranian ports remains a major obstacle to progress....
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Market Retreat: European Turmoil and Tesla’s Pay Package in Focus


US stock futures pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win put Tesla (TSLA) center stage. Here are the key points:

  • Dow Jones Industrial Average (YM=F) futures sank about 0.7%, leading the declines.
  • S&P 500 (ES=F) futures shed 0.5%.
  • Contracts on the tech-heavy Nasdaq 100 (NQ=F) were roughly 0.2% lower.

Stocks have been losing steam after the benchmark S&P 500 and Nasdaq Composite nailed record closes for the fourth day in a row, driven by strength in tech stocks. However, questions persist about the breadth of this year’s rally. Investors are closely watching the coming PCE inflation reading, which could impact the Federal Reserve’s interest rate decisions.

Meanwhile, Tesla shares were up around 1% in Friday’s premarket after shareholders re-approved CEO Elon Musk’s $56 billion pay package. Despite opposition from some large investors, 77% of votes were cast in favor, the EV maker said.

Not helping spirits was a slump in European stocks, which were headed for their worst week since October. Investors are concerned about the fallout for markets if the far right makes gains or even wins France’s snap election. Another dose of worry came from the Bank of Japan’s decision to hold off from giving details of its bond-buying cuts until July, a surprise move interpreted as delaying a rate hike.

In individual movers, Adobe (ADBE) shares jumped 15% after an upbeat AI sales projection from the Photoshop maker. Investors are also eyeing political turmoil in France as uncertainty about rate cuts dogs the market.


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