The U.S. seized an Iranian cargo ship, prompting Iran to call it piracy and vow retaliation as the ceasefire expires Wednesday and Pakistan talks collapse. Meanwhile, 330,000 U.S. businesses can now apply for $166 billion in illegally collected tariff refunds through a new online system launching today. President Trump threatened to bomb Iran's power plants and bridges while simultaneously announcing negotiations, mirroring a pattern where he issues ultimatums before conceding on his self-imposed deadlines. Iran rejected participation in Pakistan talks after the U.S. seized a cargo vessel, citing the seizure and Trump's bombing threats as evidence the U.S. was not serious about diplomacy.