AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

Saudi Arabia's King Salman approved hosting US forces in the country to boost regional security and stability, the state news agency (SPA) reported on Friday. The US Defense Department confirmed the move in a statement, saying it would deploy troops and resources to Saudi Arabia to "provide an additional deterrent" in the face of "emergent, credible threats."
The gesture comes amid rising tensions between Washington and Tehran in the Gulf that have impacted global oil markets. On Friday, Iran said it had seized a British oil tanker in the Strait of Hormuz, but denied Washington's assertion that the US Navy had downed an Iranian drone nearby earlier this week.
The decision on hosting US forces aims "to increase joint cooperation in defence of regional security and stability and to preserve its peace" SPA said, quoting a Ministry of Defence official, without giving further details.
A US official, speaking on condition of anonymity, said the deployment would include about 500 US military personnel in Saudi Arabia, and is part of a boost in the number of US troops in the Middle East that the Pentagon announced last month.
In June, the Pentagon said it would deploy 1,000 troops to the Middle East but did not say where they were going. Relations between Washington and Tehran worsened last year when President Donald Trump abandoned a 2015 nuclear deal between world powers and Iran.
Under the pact, Iran agreed to restrict nuclear work, long seen by the West as a cover for developing nuclear weapons, in return for lifting sanctions. But sanctions have since been reimposed, badly hurting Iran's economy. Trump has said he considers Saudi Arabia an important partner in the Middle East and counterweight to the influence of Iran.

Copyright Reuters, 2019

Comments

Comments are closed.