Hormuz
South Korea warns Hormuz tensions to prolong energy and supply shocks
South Korea’s president has warned that escalating tensions around the Strait of Hormuz will continue to disrupt global energy flows and supply chains. Lee Jae Myung told a cabinet meeting on Tuesday that prolonged instability in oil and raw materials markets should be treated as inevitable. “For the time being, difficulties in global energy and […]
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Shipping remains halted in Hormuz despite Iran-US ceasefire
Shipping through the Strait of Hormuz remains disrupted despite the ceasefire between the United States and Iran, with companies holding back operations amid ongoing security concerns. The Norwegian Shipowners’ Association said the situation in the Gulf remains uncertain, preventing vessels from resuming transit. “We note the signals of a ceasefire, but the situation in the […]
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