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Illustration depicting South Korea's Port of Busan halting naphtha exports due to Middle East conflict and Strait of Hormuz closure.
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South Korea to restrict naphtha exports starting Friday

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South Korea will restrict naphtha exports starting Friday due to supply shortages from the Middle East conflict. The measure follows U.S. and Israeli airstrikes on Iran that have effectively closed the Strait of Hormuz. The government plans support including expanded low-interest loans for domestic firms.

Energy Secretary Sharon Garin warned of a possible fuel price increase starting April 20, following a rollback announced by President Ferdinand Marcos Jr. effective April 14. She attributed this to uncertainties involving US President Donald Trump and Middle East conflicts. Garin shared this during a Senate PROTECT committee hearing on April 13.

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Den tyske forbundskansler Friedrich Merz opfordrede i en telefonsamtale Israels premierminister Benjamin Netanyahu til at indstille kampene i det sydlige Libanon. Han opfordrede til direkte fredsforhandlinger med den libanesiske regering og til at Hizbollah nedlægger våbnene. Udenrigsminister Johann Wadephul hilste kommende samtaler mellem Israel og Libanon velkommen.

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