May 14 (Reuters) - U.S. President Donald Trump discussed the Iran war with China's President Xi Jinping in Beijing on Thursday, while new attacks on vessels near the Strait of Hormuz brought a reminder of the costs of a prolonged stalemate,

Brent crude and WTI prices were rising early Thursday after a report of a ship seizure near the U.A.E. but developments in China are in focus.

President Donald Trump says the U.S. seized an Iranian-flagged cargo ship that tried to get around its naval blockade near the Strait of Hormuz

Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.

The president said face to face talks would resume on Monday but repeated threats against Iranian infrastructure if they did not make a deal.

Iran calls seizure an act of piracy as Trump says ship tried to get past US naval blockade ‘and it did not go well for them’

The British military says a ship anchored off the east coast of the United Arab Emirates has been seized and is heading toward Iranian territorial waters.

Iran's Foreign Minister Abbas Araghchi says the UAE was 'directly involved' in military operations against Tehran, according to the semi-official Mehr news agency.

U.S. Secretary of State Marco Rubio discussed “efforts to achieve a durable peace in the Middle East” in talks at the Vatican aimed at easing tensions following U.S. President Donald Trump’s criticism