AGL 39.85 Decreased By ▼ -0.15 (-0.38%)
AIRLINK 129.30 Increased By ▲ 0.24 (0.19%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.72 Increased By ▲ 0.23 (5.12%)
DCL 8.65 Increased By ▲ 0.10 (1.17%)
DFML 41.15 Increased By ▲ 0.33 (0.81%)
DGKC 83.25 Increased By ▲ 2.29 (2.83%)
FCCL 33.25 Increased By ▲ 0.48 (1.46%)
FFBL 74.02 Decreased By ▼ -0.41 (-0.55%)
FFL 11.85 Increased By ▲ 0.11 (0.94%)
HUBC 109.60 Increased By ▲ 0.02 (0.02%)
HUMNL 14.35 Increased By ▲ 0.60 (4.36%)
KEL 5.28 Decreased By ▼ -0.03 (-0.56%)
KOSM 7.68 Decreased By ▼ -0.04 (-0.52%)
MLCF 39.40 Increased By ▲ 0.80 (2.07%)
NBP 64.50 Increased By ▲ 0.99 (1.56%)
OGDC 193.25 Decreased By ▼ -1.44 (-0.74%)
PAEL 25.71 No Change ▼ 0.00 (0%)
PIBTL 7.40 Increased By ▲ 0.01 (0.14%)
PPL 154.27 Decreased By ▼ -1.18 (-0.76%)
PRL 25.60 Decreased By ▼ -0.19 (-0.74%)
PTC 17.50 No Change ▼ 0.00 (0%)
SEARL 79.25 Increased By ▲ 0.60 (0.76%)
TELE 7.72 Decreased By ▼ -0.14 (-1.78%)
TOMCL 33.69 Decreased By ▼ -0.04 (-0.12%)
TPLP 8.43 Increased By ▲ 0.03 (0.36%)
TREET 16.50 Increased By ▲ 0.23 (1.41%)
TRG 56.99 Decreased By ▼ -1.23 (-2.11%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 10,573 Increased By 128.3 (1.23%)
BR30 31,218 Increased By 28.1 (0.09%)
KSE100 98,679 Increased By 880.3 (0.9%)
KSE30 30,829 Increased By 348.3 (1.14%)

Iran demanded Monday that the UN's top court order the United States to suspend nuclear-linked sanctions against Tehran, but Washington vowed to "vigorously" fend off the legal challenge. The Islamic Republic launched a suit at the International Court of Justice over US President Donald Trump's decision to reimpose sanctions that were lifted in a landmark 2015 accord.
Trump says the sanctions are needed to ensure Iran never builds a nuclear bomb. But Iran's representative Mohsen Mohebi branded them "naked economic aggression".
His team of lawyers told the court in The Hague that the measures were already devastating Iran's economy and threatening the welfare of its citizens.
"The United States is publicly propagating a policy intended to damage as severely as possible Iran's economy and Iranian nationals and companies," Mohebi said. "Iran will put up the strongest resistance to the US economic strangulation, by all peaceful means." US lawyers are due to give their response in arguments before the court on Tuesday, with experts expecting them to challenge the ICJ's jurisdiction.
"We will vigorously defend against Iran's meritless claims this week in The Hague," said US Secretary of State Mike Pompeo.
He said Iran's lawsuit was "an attempt to interfere with the sovereign rights of the United States to take lawful actions, including re-imposition of sanctions, which are necessary to protect our national security".
ICJ judgements are binding, final and without appeal.
However, whether any decision will be implemented remains unclear, with both Iran and the US in the past ignoring ICJ rulings against them.
The US measures have added to Iran's economic woes, fuelling strikes and protests across the country and political spectrum.
The sanctions target financial transactions and imports of raw materials, cars and aircraft among other sectors.
A second wave of punitive measures is due to hit the Opec member state in early November, targeting its vital energy sector including oil exports.
Iran's lawyers said the sanctions would cause it "irreparable prejudice". They urged the court to order the suspension of the sanctions pending a definitive ruling.
London-based lawyer Samuel Wordsworth, for Iran, told the court the measures were threatening Iranians' access to medicines as well as disrupting business deals.
The ICJ is expected to take a couple of months to decide whether to grant Tehran's request for a provisional ruling. A final decision could take years.
After years of diplomacy, the 2015 deal was signed by Iran and the five permanent members of the UN Security Council plus Germany.
Sanctions were lifted in return for Iran committing not to pursue nuclear weapons.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.