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Briefings South Korea on alert as Hormuz shipping disruption deepensSeoul convenes emergency meetings as stalled Gulf energy flows raise inflation and policy risk concerns South Korea convened an emergency interagency meeting on Sunday after commercial shipping traffic through the Strait of Hormuz slowed sharply following U.S. and Israeli strikes on Iran and subsequent warnings from Iranian forces. Prime Minister Kim Min-seok instructed ministries to prioritize energy supply stability and the protection of South Korean nationals in the region, the foreign ministry said. No Korean casualties have been reported. Major carriers and energy traders have suspended or delayed transits through the strait, and marine insurers have raised war-risk premiums, according to shipping and industry sources. Oman’s Maritime Security Center reportedon Sunday that unidentified persons © Korea Risk Group. All rights reserved. |





