Seoul, April 14 (IANS) South Korea has shared information with Iran on Korea-related ships stranded in the Strait of Hormuz, sources familiar with the matter said Tuesday, in a possible sign that Seoul may seek to negotiate their passage amid the US-Iran war.Chung Byung-ha, special envoy to Iran, reportedly shared the details during his consultations with Iranian officials, including efforts to ensure the safety of the vessels and crew members.Chung is in Tehran this week as the foreign minister…
Latest Hormuz Strait News & Updates
Seoul, April 9 (IANS) South Korea has yet to receive any official request from Iran on fees for passage through the Strait of Hormuz, a Seoul official said on Thursday, adding that the government is still working to identify the situation surrounding the major shipping route amid a fragile two-week ceasefire between the United States and Iran.”There has been no request from Iran for transit fees or payments,” Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a regu…
Washington, April 1 (IANS): US President Donald Trump Wednesday said Iran’s new leadership has sought a ceasefire with the United States, even as he signalled continued military pressure until key maritime conditions are met. In a post on social media, Trump claimed that Iran’s current president had reached out amid ongoing hostilities. “Iran’s New Regime President, much less radicalized and far more intelligent than his predecessors, has just asked the United States of America for a cea…
New Delhi, March 24 (IANS) Prime Minister Narendra Modi on Tuesday said that the Indian economy’s fundamentals are “strong” and the Centre is making “continuous efforts” to ensure the West Asia conflict has minimal effect on the country. Speaking in the Rajya Sabha on the West Asia conflict, PM Modi said, “This present problem has shaken the economy of the entire world. It will take a lot of time for the world to recover from the loss in West Asia. Continuous efforts are underway to ensure that …
New Delhi, March 23 (IANS) Prime Minister Narendra Modi on Monday stated that the government is working to ensure uninterrupted oil and gas supplies amid the conflict in West Asia, while emphasising that India has diversified its energy imports, unlike in previous instances, and will continue sourcing from wherever possible.Initially, India imported energy needs such as crude oil, LNG, and LPG from 27 countries. Now, it imports energy from 41 countries.The Prime Minister, addressing the Lok Sabh…
Seoul, March 23 (IANS) South Korean stocks were trading sharply lower on late Monday morning, as investors offloaded major shares after Iran warned it could close the Hormuz Strait indefinitely.The benchmark Korea Composite Stock Price Index (KOSPI) declined 293.84 points, or 5.08 percent, to 5,487.36 as of 11:20 a.m.The index remained in negative territory, triggering the country’s main bourse operator to temporarily halt program trading for five minutes, reports Yonhap news agency.On Friday, m…