Tehran has rejected claims of diplomatic progress and pledged to respond to American pressure

A cargo ship was reportedly hit in the Strait of Hormuz by an “unknown projectile” overnight. The incident occurred after US President Donald Trump declared that he was giving Tehran its “last chance before decapitation” to sign a deal on his terms.

Control over the strait, through which roughly a fifth of the world’s seaborne oil passes, has become the focal point of the conflict since Washington launched its war against Iran in late February. Tehran has rejected Trump’s claims that his efforts to extract concessions through a naval blockade of Iranian ports and threats of...

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