A ballistic missile is displayed by Iran's Revolutionary Guard during a pro-government demonstration at Enqelab-e-Eslami (Islamic Revolution) Square in downtown Tehran, Iran, Tuesday. ISNA via AP-Yonhap

DUBAI, United Arab Emirates — Iran fired on three ships in the Strait of Hormuz and seized two of them on Wednesday, intensifying its assault on shipping in the key waterway. The attacks came a day after U.S. President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.

The standoff between the U.S. and Iran has effectively choked off nearly all exports through the strait — where 20 percent of the world’s traded oil passes in peacetime — with no end in sight. Iranian media said the paramilitary Revolutionary Guard was bringing the two ships to Iran, marking a further escalation, though the White House said the seizures didn't violate ceasefire terms.

The conflict has already sent gas prices skyrocketing far beyond the region and raised the cost of food and a wide array of other products . The price of Brent crude oil, the international standard, nosed over $100 per barrel, marking a 35 percent increase from prewar levels, but stock markets still appear to be shrugging it off .

The European Union energy commissioner, Dan Jørgensen, warned of lasting impact for consumers and businesses, likening it to other major energy crises over the last half-century. He said the disruption is costing Europe around 500 million euros ($600 million) each day.

Iran holds firm in apparent tit-for-tat with US

Iranian media said the MSC Francesca and the Epaminondas were being escorted to Iran. The U.S. had earlier seized two Iranian vessels as the ceasefire talks were due to take place in Pakistan.

Technomar, the management company behind the Liberian-registered Epaminondas, said it was “approached and fired upon by a manned gunboat” off the coast of Oman. It said the ship's bridge was damaged.

A second cargo ship came under fire hours later, with no report of damage, though the vessel was then stopped in the water. No injuries to the crew of either vessel were reported. The MSC Francesca's owner could not be immediately reached for comment.

The Guard attacked a third ship, identified as the Euphoria, which had become “stranded” on the Iranian coast, Iranian media reported, without elaborating.

Source: Korea Times News