US-Iran war news Highlights: Iran FM Abbas Araghchi to meet mediators for US talks amid Strait of Hormuz crisis

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Iran has seized two light vessels and arrested 50 people in coastal waters near Qeshm Island in the Strait of Hormuz and Minab for “violating Iranian regulations”, state-run broadcaster IRIB reported.

The broadcaster did not disclose details about the vessels, the nationalities of those detained or when the operation took place.

Iraqi Airways has resumed flights between Iraq's holy city of Najaf and Iranian airports, Iraq's state news agency reported on Monday.

Iraq had halted flights to and from Iran on Friday, in line with US sanctions.

— Reuters

Iranian Foreign Minister Abbas Araghchi and an Iranian delegation are set to meet mediators involved in negotiations with the United States on Monday morning, Iran’s ISNA news agency reported.

A Qatari delegation has been in the US after presenting Washington with an Iranian proposal last week that offered to reopen the Strait of Hormuz in return for economic relief.

According to ISNA, the Iranian delegation and mediators will “discuss the latest proposals and views on the current situation” during the meeting.

Oil prices are back on the rise Monday, which is sending pressure higher within the U.S. bond market and U.S. stocks lower.

The S&P 500 fell 0.5% and gave back some of its gains from last week, which had brought it to the brink of its all-time high. The Dow Jones Industrial Average was down 329 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% lower.

Wall Street’s most influential stock, Nvidia, climbed after it announced a historic funneling of cash to its investors through a buyback of its stock. But most of the rest of the market sank under the weight of a 1.5% rise for the most actively traded contract in the market for Brent crude oil to $98.87 per barrel.

Oil prices have been yo-yoing on uncertainty about when the war with Iran will allow tankers to flow freely again through the Strait of Hormuz and deliver oil from the Middle East to customers worldwide. The latest turns in optimism came after President Donald Trump said over the weekend he’s rejecting an offer from Iran to reopen the Strait of Hormuz and resume talks on its nuclear program.

— AP

Mediators are expected to hold separate discussions with the United States and Iran on Monday or Tuesday, while Iranian Foreign Minister Abbas Araghchi and Qatari mediators remain in the US, according to an official briefed on the negotiations who spoke to Reuters.

British counter-terrorism police were investigating a possible Iranian connection to a bomb scare at a US-used air base on Monday, after five men were detained on suspicion of planning a “terrorist act”.

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Iranian forces have driven enemy forces back from waters off southern Iran to the Arabian Sea, Supreme Leader Mojtaba Khamenei said on Monday according to his Telegram channel, warning that Iranian forces would soon push them out of the Arabian Sea as well.

— Reuters

The head of Iran's Civil Aviation Organization on Monday said the body has filed a complaint to the United Nations aviation agency against the United States for imposing restrictions targeting the country's airlines.

"To defend the legitimate rights of the aviation industry and counter illegal restrictions imposed by America, Iran has drafted and submitted a formal protest to the International Civil Aviation Organization (ICAO)," said Iran's civil aviation chief Abouzar Shiroudi, according to state news agency IRNA.

— AFP

Kaja Kallas, the EU foreign policy chief, says the international maritime mission known as Aspides needs reinforcements to protect shipping in the Red Sea.

Global stocks fell on Monday, as oil jumped on the stalemate in US-Iranian talks, ahead of a week already packed with macroeconomic risk, while the dollar headed for its best monthly performance since June.

An Iranian military official has doubled down on Tehran’s control of the crucial Strait of Hormuz.

“Despite the rhetoric of the enemy, the fact is the Strait of Hormuz is under our complete control,”said Admiral Habibollah Sayyari, who serves as the chief of staff of Iran’s army, Al Jazeera reported.

British police were questioning five men on Monday on suspicion of explosives and terrorism offences after they were detained near an air base that has been used by the US to strike Iran.

European natural gas prices steadied as traders weighed mixed signals from the US on talks with Iran on reopening the Strait of Hormuz.

Benchmark futures ticked slightly higher after dropping more than 9% last week

The Israeli military says the sniper was killed in a strike in the southern Gaza Strip on Sunday.

It identified the man as Adi Adil Abd al-Aaser, Al Jazeera reported.

Bint Jbeil News, a local outlet, reported the sound of gunfire in the town of Haddatha. It also posted footage that showed thick columns of smoke rising from buildings in the town.

Indian shares fell to near six-month lows on Monday, extending a seven-week losing streak, as a rise in oil prices following a deadlock in US-Iran peace talks weighed on investor sentiment.

Saudi Foreign Minister Prince Faisal bin Farhan arrived in Washington on Monday for talks with US Secretary of State Marco Rubio, the Saudi state news agency said, amid escalating hostilities between Riyadh and Yemen's Houthis.

A selloff in Treasuries resumed Monday as oil rallied after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, intensifying inflation concerns.

Indian shares opened lower on Monday, with investors remaining cautious after the benchmark indexes' longest weekly losing streak since 2020 as oil prices rose following a stalemate in US-Iran peace talks.