Seoul highlights varying ship circumstances in Hormuz strait amid ongoing crisis

South Korea's foreign ministry emphasized on Sunday the diverse situations facing ships and nations in the Strait of Hormuz, following the recent transit of two Japan-linked tankers through the Iran-blocked waterway. This comes amid the ongoing crisis sparked by late February U.S.-Israeli strikes on Iran, which stranded 26 South Korean vessels carrying 173 sailors. Seoul prioritizes crew safety while seeking to restore navigation freedom under international norms.

South Korea's foreign ministry stated Sunday that vessels in the Strait of Hormuz differ significantly in nationality, ownership, operators, cargo, destinations, and crew composition, resulting in unique circumstances for each ship and associated countries.

"We prioritize the safety of vessels and crew while considering shipping companies' positions," the ministry told media. In recent developments, ships linked to China, Thailand, and France have also transited the strait, building on Iran's earlier conditional allowances, including for Japan-bound vessels after bilateral talks.

Iran has permitted passages through consultations but is imposing tolls as leverage over global energy supplies. Diplomatic sources say Seoul is not pursuing vessel withdrawals due to attack risks and companies' choices to stay.

The ministry is coordinating with major countries—excluding the United States—to address energy disruptions and swiftly restore safe, free navigation for all vessels, including Korean ones, in line with international law. This follows initial consultations with Iran and others in late March.

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South Korea's foreign ministry announced Friday it will join a joint statement by seven countries, including Britain, France, Germany, Italy, Japan, the Netherlands and Canada, condemning Iran's attacks in the Gulf and de facto closure of the Strait of Hormuz. The statement calls on Iran to cease its actions and respect freedom of navigation. Seoul cited safety of sea lanes and impacts on its energy supply.

South Korea is in close talks with Iran and other countries to normalize passage through the Strait of Hormuz after Tehran offered to allow Japan-bound vessels amid the Middle East crisis. A foreign ministry official said the government is actively communicating with relevant nations while monitoring the situation.

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Japanese, French and Omani vessels have crossed the Strait of Hormuz since Thursday, reflecting Iran's policy of allowing passage for ships it deems friendly without U.S. or Israeli links. Mitsui O.S.K. Lines' LNG tanker Sohar LNG became the first Japan-linked vessel to do so since the conflict began. Shipping data confirmed the transits amid ongoing tensions.

South Korean stocks soared nearly 3 percent and the won strengthened sharply on April 3 amid reports of Iran drafting a protocol with Oman to monitor Strait of Hormuz traffic, fueling hopes of easing oil supply disruptions from the ongoing Middle East conflict. The KOSPI index climbed 2.74 percent to 5,377.30, while the won rose to 1,505.2 per U.S. dollar.

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Continuing his criticism of allies, U.S. President Donald Trump on April 1 at a White House Easter luncheon called South Korea 'not helpful' and urged it and others to secure the Strait of Hormuz, blocked by Iran amid its war with the U.S. and Israel. He noted U.S. troops 'in harm's way' near North Korea's nuclear arsenal.

In un'ulteriore escalation del conflitto in corso, l'aeronautica israeliana ha colpito siti del Corpo delle Guardie della Rivoluzione a Teheran e Isfahan il 12 marzo, a seguito degli attacchi iniziali USA-israeliani all'inizio del mese. L'Iran ha risposto con missili e droni mirati su Israele, basi USA e stati del Golfo, mentre gli attacchi alla navigazione nello Stretto di Hormuz—attraverso cui passa il 20% del petrolio globale—hanno suscitato timori di una grave crisi energetica.

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Seoul stocks opened sharply lower on Monday amid renewed energy price concerns after Iran's warning on the Strait of Hormuz. The KOSPI fell 4.72% in the first 15 minutes. The drop comes amid escalating U.S.-Iran tensions.

 

 

 

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