US blockade sends Pakistan's KSE-100 plunging over 5,000 points
NewsBytes | April 13, 2026 4:39 PM CST
Hormuz oil routes threatened by blockades
The latest drop comes after talks between the US and Iran broke down, with new blockades threatening oil routes through the Strait of Hormuz, a key global shipping lane.
Iran has warned against approaching ships and promised to respond if provoked.
This isn't the first time markets have reacted: just earlier this month, news of a ceasefire caused this same index to surge by more than 14,000 points.
It's been a wild ride for anyone following these headlines.
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