Berliner Boersenzeitung - US military to begin blockade of Iranian ports on Monday

EUR -
AED 4.265149
AFN 73.734357
ALL 94.87853
AMD 427.559728
ANG 2.078987
AOA 1065.389106
ARS 1668.352542
AUD 1.64174
AWG 2.090131
AZN 1.984563
BAM 1.956801
BBD 2.339897
BDT 142.614174
BGN 1.963423
BHD 0.437878
BIF 3473.101158
BMD 1.161184
BND 1.488361
BOB 8.057121
BRL 5.920999
BSD 1.161794
BTN 109.802163
BWP 15.566962
BYN 3.216445
BYR 22759.205183
BZD 2.336595
CAD 1.62499
CDF 2695.108316
CHF 0.920761
CLF 0.026131
CLP 1028.436958
CNY 7.846643
CNH 7.846282
COP 4006.595507
CRC 529.170667
CUC 1.161184
CUP 30.771374
CVE 110.322379
CZK 24.155239
DJF 206.365651
DKK 7.474884
DOP 68.154861
DZD 154.44092
EGP 58.198774
ERN 17.417759
ETB 187.303605
FJD 2.568481
FKP 0.864936
GBP 0.864676
GEL 3.071289
GGP 0.864936
GHS 13.069685
GIP 0.864936
GMD 84.181122
GNF 10176.292744
GTQ 8.855606
GYD 243.024305
HKD 9.096059
HNL 31.066623
HRK 7.534576
HTG 151.727608
HUF 349.227275
IDR 20598.241874
ILS 3.385663
IMP 0.864936
INR 109.718238
IQD 1521.965368
IRR 1597501.710129
ISK 144.393669
JEP 0.864936
JMD 183.743984
JOD 0.823267
JPY 186.298032
KES 150.280333
KGS 101.545322
KHR 4665.386314
KMF 493.502656
KPW 1045.065951
KRW 1752.028782
KWD 0.357807
KYD 0.968195
KZT 566.564915
LAK 25565.076367
LBP 104037.5145
LKR 389.212431
LRD 211.448154
LSL 18.751953
LTL 3.428674
LVL 0.702389
LYD 7.40185
MAD 10.741487
MDL 20.27337
MGA 4827.469219
MKD 61.623003
MMK 2437.791198
MNT 4153.048637
MOP 9.373595
MRU 46.369117
MUR 54.854591
MVR 17.940299
MWK 2014.530419
MXN 19.985595
MYR 4.724389
MZN 74.210129
NAD 18.751791
NGN 1576.388574
NIO 42.534289
NOK 11.00656
NPR 175.682347
NZD 1.989201
OMR 0.446485
PAB 1.161794
PEN 3.957758
PGK 5.089647
PHP 69.982813
PKR 323.239519
PLN 4.237636
PYG 7089.626297
QAR 4.247209
RON 5.228349
RSD 117.382897
RUB 84.182911
RWF 1722.881242
SAR 4.356872
SBD 9.364996
SCR 17.069764
SDG 697.292618
SEK 10.869431
SGD 1.488678
SHP 0.866941
SLE 28.739259
SLL 24349.450841
SOS 663.93388
SRD 43.349312
STD 24034.163093
STN 24.512538
SVC 10.165287
SYP 128.348096
SZL 18.748428
THB 37.727173
TJS 10.769709
TMT 4.064144
TND 3.400739
TOP 2.795853
TRY 53.754103
TTD 7.892037
TWD 36.591929
TZS 3042.305338
UAH 52.031362
UGX 4298.1985
USD 1.161184
UYU 46.904395
UZS 13953.257163
VES 687.160379
VND 30539.137567
VUV 138.026398
WST 3.183056
XAF 656.292689
XAG 0.016526
XAU 0.000268
XCD 3.138158
XCG 2.093853
XDR 0.817122
XOF 656.298344
XPF 119.331742
YER 277.057604
ZAR 18.792409
ZMK 10452.048108
ZMW 20.534503
ZWL 373.900754
  • RBGPF

    2.1500

    62.87

    +3.42%

  • RYCEF

    0.4300

    18.63

    +2.31%

  • CMSC

    0.0050

    22.345

    +0.02%

  • CMSD

    0.0200

    22.34

    +0.09%

  • RELX

    -0.1600

    32.68

    -0.49%

  • BCC

    0.1100

    71.7

    +0.15%

  • RIO

    0.4950

    106.385

    +0.47%

  • NGG

    0.8650

    82.435

    +1.05%

  • VOD

    -0.1100

    14.89

    -0.74%

  • BCE

    -0.2350

    23.805

    -0.99%

  • JRI

    0.0290

    12.809

    +0.23%

  • GSK

    0.0850

    52.315

    +0.16%

  • BP

    -0.4750

    41.115

    -1.16%

  • AZN

    1.2120

    178.482

    +0.68%

  • BTI

    0.1300

    61.19

    +0.21%

US military to begin blockade of Iranian ports on Monday

US military to begin blockade of Iranian ports on Monday

The US military said it would begin a blockade of all Iranian ports on Monday, after talks between the warring sides in Pakistan collapsed with President Donald Trump blaming the Islamic republic's refusal to abandon its nuclear ambitions.

Text size:

Trump had announced on social media he would blockade the strategic Strait of Hormuz trading route that he has been demanding Tehran fully re-open, after his vice president, JD Vance left negotiations with an Iranian delegation in Islamabad on Sunday.

The stall in talks dashed global hopes of a deal to permanently end the war that has killed thousands and thrown the global economy into turmoil since it began in late February.

As negotiating teams flew out, mediator Pakistan said it would keep facilitating their dialogue and has called on both sides to honour the fragile two-week ceasefire struck last week that experts said could be put at risk by any maritime military blockade.

"The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman," US Central Command said in a statement, adding it would begin at 1400 GMT on Monday.

US forces would not impede vessels transiting the Strait of Hormuz to and from non-Iranian ports, it added.

Trump on his Truth Social platform confirmed the US military's statement, a more limited operation than envisaged in his earlier post that asserted all ships trying to enter or exit the strait would be blocked.

Iran's Revolutionary Guards had warned before the US military announcement that they had full control of traffic through Hormuz and would trap any challenger "in a deadly vortex".

In his lengthy social media post, Trump said on Sunday his goal was to clear the strait of mines and reopen it to all shipping, but that Iran must not be allowed to profit from controlling the waterway.

"Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump said. "Any Iranian who fires at us, or at peaceful vessels, will be BLOWN TO HELL!"

Oil prices -- which tumbled last week after the temporary ceasefire -- jumped around eight percent Monday, with both key WTI and Brent contracts topping $100 a barrel.

Iran's parliament speaker Mohammad Bagher Ghalibaf, who led Tehran's delegation in Pakistan, said Tehran would "not bow to any threats" from Washington, while navy chief Shahram Irani called Trump's blockade threat "ridiculous".

After the highest-level US-Iran talks since the 1979 Islamic Revolution failed to deliver a deal, Iranian foreign ministry Abbas Araghchi blamed "maximalism, shifting goalposts, and (a) blockade" that prevented an agreement he said they were "just inches away from".

Trump told reporters on Sunday he was ambivalent on the prospect of talks continuing with Iran.

"I don't care if they come back or not. If they don't come back, I'm fine," he said.

- 'Final and best offer' -

Tehran has already been restricting traffic through the strait -- a key route for global oil and gas shipments -- while allowing some vessels serving friendly countries such as China to pass.

Nicole Grajewski, an assistant professor at Sciences Po's Center for International Research, said a US blockade was "not a minor coercive signal" but could rather be considered an effective resumption of the war.

The US military said Saturday that two US Navy warships had transited the strait to begin clearing it of mines, a claim Tehran denied.

Iran's Fars news agency reported Sunday that two Pakistan-flagged oil tankers bound for the strait had turned back.

But the strait was far from the only friction point jettisoning global efforts led by Pakistan to end the war, which began on when Israel and the US launched strikes on Iran, which retaliated by attacking Gulf and Israeli cities.

The US delegation in Islamabad -- led by Vance, special envoy Steve Witkoff and Trump's son-in-law Jared Kushner -- was frustrated by Iran's refusal to give up what it called its right to a nuclear programme.

"I have always said, right from the beginning, and many years ago, IRAN WILL NEVER HAVE A NUCLEAR WEAPON!" Trump later posted.

Vance told reporters in Islamabad that Washington had made Tehran its "final and best offer," adding: "We'll see if the Iranians accept it."

- Violence in Lebanon -

Even before the historic talks, concern had been high over whether the ceasefire could collapse due to continued Israeli strikes it says are targeting Iran-backed Hezbollah in Lebanon, where Iran and Pakistan insist the truce also applies.

Lebanese Prime Minister Nawaf Salam said Sunday he was working to stop the war and ensure Israeli troops withdrew, even as Israeli premier Benjamin Netanyahu told troops in south Lebanon that the fight there was far from over.

Lebanese and Israeli officials are due to hold talks in Washington on Tuesday.

Hezbollah said overnight it had launched rocket towards towns in northern Israel, continuing attacks that it began in early March to avenge the death of Iran's supreme leader in the opening salvo of Israeli-US strikes that began the regional war.

Israeli strikes on Beirut and other parts of Lebanon last week after the temporary ceasefire announcement had killed hundreds, according to Lebanon's health authorities.

burs-ft/msp/ceg/mtp

(O.Joost--BBZ)