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Economy News

The Economic Times

Economy / The Economic Times

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Despite Trump's naval blockade, Iran has not run out of cards

Iran warns it could block vital shipping lanes including the Persian Gulf, Sea of Oman, and Red Sea. This move escalates tensions with the US amid ongoing talks. Pakistan is mediating to prevent further conflict. Iran's threat highlights its asymmetric capabilities to disrupt global trade and raise costs for all involved.

15 Apr 2026 9:36 pm