US-Iran deal eases pressure on supply chain, gov't cautious on fuel price cap (opens original article in a new tab)

U.S.-Iran peace deal aims to reopen Strait of Hormuz, easing global energy trade concerns, while South Korea remains cautious about supply chain normalization and fuel price policies.

• U.S. and Iran agree to peace deal to reopen Strait of Hormuz, easing crude oil supply concerns
• South Korean government remains cautious about full supply chain normalization and fuel price caps
• Korean crew members still present in Strait of Hormuz area, with maritime authorities monitoring vessel safety
• Crude oil shipments to Korea via Red Sea continue with government support for navigational safety
• South Korea imports 70% of oil from Middle East, with Strait of Hormuz reopening expected to improve crude import conditions