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U.S. Navy Seizes Iranian Cargo Ship Touska in Strait of Hormuz; Oil Prices Jump, Ceasefire in Doubt, and Diesel Is About to Get Worse

The USS Spruance seized the 900-foot Iranian-flagged cargo ship Touska in the Gulf of Oman on April 19, the first such interception since the U.S. blockade of Iranian ports began the previous week, according to NPR. Iran's military warned it would respond, calling the seizure "maritime highway robbery"; peace negotiations scheduled for the following week are now in doubt and oil prices jumped on the news, signaling further diesel price increases for operators already paying above $5.60 per gallon nationally.

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