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World

Iran maintains demands for control of Strait of Hormuz; Trump sidesteps Tehran threat in Washington.

Iran has maintained its demands to control the Strait of Hormuz, a vital maritime route. The United States has pushed back, with President Donald Trump sidestepping a threat from Tehran, and former defense secretary Mark Esper called Iran's demands for a full reopening “ridiculous.” Gulf states have accepted a new normal, recognizing Iran’s control over the region, while international observers monitor potential impacts on global shipping.

Aug 11, 2026, 5:21 PM

World

Pakistan stock exchange loses 1,132 points amid rising oil prices and doubts over US‑Iran Strait of Hormuz deal.

Pakistan’s main stock index, the KSE‑100, fell 1,132.60 points to 180,177.68 by 12.49 pm after an earlier 1,106.73‑point dip. The slide followed a more than 1 % rise in oil prices triggered by President Trump’s demand for compensation from Tehran, heightening doubts about a US‑Iran agreement that could reopen the Strait of Hormuz. Market activity remained robust with 218.25 million shares changing hands and a traded value of roughly Rs13.92 billion.

The Express Tribune

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