Middle East
UN Agency Pauses Ship Evacuations in Strait After Attack
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A United Nations agency halted plans to evacuate ships from the Persian Gulf through the Strait of Hormuz on Thursday following an attack on a merchant vessel off the coast of Oman. The incident occurred after several tankers used a new route backed by the agency. A U.S. official identified the attacker as an Iranian drone.
Eight more South Korean-operated vessels have exited the Strait of Hormuz after last week's ceasefire agreement between the United States and Iran.
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Luay Ahmadi of GFH Financial Group highlighted the benefits of Chinese super apps during the ongoing 2026 Summer Davos Forum in Dalian.
US President Donald Trump signed an agreement with Iran at Château de Versailles on Wednesday evening, ending hostilities in the Middle East.
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Finance Minister Koo Yun-cheol said Friday that the recent US-Iran memorandum of understanding aimed at ending their conflict presents both opportunities and challenges for South Korea.
A framework agreement was signed electronically Sunday between the United States and Iran to end hostilities in the Middle East. The announcement came on the eve of the G7 summit in Evian-les-Bains, France.
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Egyptian President Abdel Fattah Al-Sisi and UAE President Sheikh Mohammed bin Zayed Al Nahyan met in Cairo and welcomed a recent agreement to halt the war with Iran and reopen the Strait of Hormuz.
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