Iran retaliates against U.S sanctions by threatening to disrupt trade routes

News Image

MG News | July 06, 2018 at 11:44 AM GMT+05:00

0:00

Rouhani and some senior military commanders have threatened in recent days to disrupt oil shipments from the Gulf countries if Washington tries to strangle Tehran’s exports.

The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military’s Central Command said on Thursday, as Iran’s Revolutionary Guards warned they would block oil shipments through the Strait of Hormuz if necessary.

With tensions rising over the strategic waterway, the European Union is proposing a plan for salvaging a multinational nuclear deal with Tehran after Washington withdrew, but Iranian President Hassan Rouhani told leaders in Paris and Berlin on Thursday that the package did not go far enough.

Praising Rouhani’s “firm stance” against the United States, the head of the Revolutionary Guards said their forces were ready to block the Strait of Hormuz which links the Gulf to the open sea.

Related News

Name Price/Vol %Chg/NChg
KSE100 185,098.83
381.92M
2.01%
3642.50
ALLSHR 111,509.35
956.25M
2.13%
2327.02
KSE30 56,737.75
167.91M
2.00%
1112.07
KMI30 260,872.72
165.83M
2.57%
6529.72
KMIALLSHR 71,488.31
461.39M
2.50%
1744.73
BKTi 53,691.60
50.03M
1.27%
672.83
OGTi 38,672.45
45.54M
4.90%
1805.03
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 95,660.00 96,060.00
94,395.00
305.00
0.32%
BRENT CRUDE 64.20 64.77
63.44
0.44
0.69%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-1.95
-2.20%
ROTTERDAM COAL MONTHLY 97.90 98.10
97.70
0.55
0.57%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 59.22 60.05
58.81
0.14
0.24%
SUGAR #11 WORLD 14.99 15.00
14.60
0.42
2.88%

Chart of the Day


Latest News
January 17, 2026 at 03:28 PM GMT+05:00

BML to close books for reduction of shares


January 17, 2026 at 02:20 PM GMT+05:00

SBP launches implementation of WE-Finance Code


January 16, 2026 at 07:03 PM GMT+05:00

Auto financing in Pakistan rises to Rs319bn in December


January 16, 2026 at 05:07 PM GMT+05:00

Is Pakistan entering a once in a generation moment?


January 16, 2026 at 05:06 PM GMT+05:00

PSX Closing Bell: Bulls Keep the Flame Alive



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg