Strait of Hormuz
South Korea concludes external strike caused explosion on HMM vessel in Hormuz
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A South Korean investigation has confirmed that two unidentified flying objects struck the HMM Namu in the Strait of Hormuz last Monday, causing an explosion and fire. The findings have prompted Seoul to review participation in a U.S.-led security initiative.
A South Korean government team continued its on-site investigation on Saturday into the cause of the fire that struck the HMM Namu while the vessel was in the Strait of Hormuz earlier in the week.
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U.S. President Donald Trump expressed affection for South Korea on Friday during a White House press availability, shortly after the two nations signed a memorandum of understanding to boost shipbuilding ties.
Japan's Foreign Minister Toshimitsu Motegi urged his Iranian counterpart to show "maximum flexibility" in the U.S.-Iran standoff over the Strait of Hormuz during a phone call on Saturday. Motegi expressed strong expectations for the ceasefire to hold and talks to resume soon. The Japanese Foreign Ministry announced the details.
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South Korean stocks opened at a fresh record high on Monday after U.S. President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, amid Washington and Tehran exchanging peace talk proposals. The benchmark KOSPI surged 2.79% to 6,782.93 at the open. Eased Middle East tensions drove the rally.
Iran's forces attacked three commercial ships in the Strait of Hormuz on Wednesday, hours after President Trump extended a ceasefire with Iran while maintaining a U.S. naval blockade. The incidents have jeopardized peace talks, with Iranian officials calling the blockade a violation. No injuries were reported, but one vessel suffered heavy damage.
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Premier Li Qiang convened a State Council study session on Monday, urging a 'bottom-line mentality' to secure energy supplies. The meeting, attended by Vice-Premier Ding Xuexiang and other deputies, focused on coordinating energy security and sector transformation. Li highlighted vigilance amid international upheavals and China's growing energy demand.
China voices strong dissatisfaction with UK sanctions, urges Hormuz de-escalation
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