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The Korea Herald

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Israel, Lebanon agree to implement ceasefire, boosting hopes for Iran deal

DUBAI, United Arab Emirates (Reuters) -- Israel and Lebanon agreed to implement a ceasefire to end hostilities, the Trump administration said on Wednesday, in a boost to hopes for a broader deal to end the US-Israeli war on Iran. Tehran, which had conditioned any deal with the US in part on an end to fighting between Israel and Lebanon, earlier struck Kuwait, damaging its airport and injuring dozens while the US military carried out strikes near the Strait of Hormuz. The Israel-Lebanon ceasefire

The Korea Herald

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[Wang Son-taek] A hope for a Hormuz coalition

Nearly two months have passed since the April 7 ceasefire in the Iran war. Yet negotiations aimed at turning that pause into a durable settlement remain stalled. The fighting may have slowed, but a viable political endgame remains elusive. That reality deserves not only frustration but sober recognition. Why has diplomacy become trapped? One clear reason appears to be the negotiating style of US President Donald Trump. His approach toward Iran has relied on a familiar formula: maximalist demands

The Korea Herald

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Korea to triple oil imports, secure more LNG from Canada amid energy shock

South Korea and Canada have agreed to deepen their partnership in energy and critical minerals as war in Iran and disruptions in the Strait of Hormuz reshape global supply chains. Under the agreement, Seoul plans to more than triple Canadian crude oil imports while securing additional LNG supplies through expanded investment in Canadian LNG projects. The agreement was reached Tuesday at a Korea-Canada forum on energy, resources and supply-chain cooperation in Ottawa, jointly hosted by South Kore

KBS World (English)

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Trump Anticipates Reaching Peace Agreement with Iran 'Over the Next Week'

[International] : U.S. President Donald Trump has anticipated striking an agreement with Iran over the next week on a memorandum of understanding(MOU) to end their monthslong war. In a phone interview with ABC News on Monday, Trump said he expected the MOU to extend an existing ceasefire and reopen the Strait of Hormuz to be ... [more...]

KBS World (English)

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Repair Plan Finalized for HMM Namu

[International] : Plans have been finalized for the repair of the South Korean-operated cargo ship the HMM Namu, which was struck in the Strait of Hormuz on May 4 amid the U.S.-Iran conflict. According to industry observers on Thursday, the ships’ operator, HMM, has finalized plans to repair the ship at Drydocks World ... [more...]

The Korea Herald

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Trump says Iran, Oman will not control Strait of Hormuz, deal remains elusive

President Donald Trump ‌on Wednesday dismissed a report that Iran and Oman would manage shipping through the Strait of Hormuz as part of a deal to end the war, in a sign that any agreement remained elusive. Trump's comments came after Iranian state TV reported that it had obtained an unofficial draft of an agreement that would restore commercial shipping through the strategic waterway to prewar levels within ‌a month, with Iran and Oman jointly managing traffic. That framework also would have th

The Korea Herald

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Iran-linked missiles behind attack on S. Korean vessel in Hormuz: foreign ministry

Anti-ship missiles developed and used by Iran are believed to have been used in an attack against a South Korean vessel in the Strait of Hormuz earlier this month, the foreign ministry said Wednesday. The ministry, however, reserved a decision on which actor in Iran launched the attack or whether it was intentional. "Technical analysis concluded that the unidentified airborne objects were likely Noor-series anti-ship missiles developed by Iran," First Vice Foreign Minister Park Yoon-joo said at

The Korea Herald

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Seoul says HMM vessel probably hit by Iranian-made anti-ship missile

Seoul said Wednesday that at least one of the projectiles that struck the South Korean-operated vessel HMM Namu in the Strait of Hormuz earlier this month was highly likely to have been an Iranian-developed anti-ship missile, while stopping short of formally assigning direct responsibility to Tehran. Speaking at a press briefing at the Government Complex Seoul, First Vice Foreign Minister Park Yoon-joo said the joint investigation team recovered one unexploded warhead from one of the two project

KBS World (English)

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Gov’t: Iran’s Noor Missiles Likely behind Hormuz Ship Attack

[Politics] : The government has concluded that a long-range anti-ship cruise missile developed by Iran was likely behind the May 4 attack on the South Korean-operated cargo ship the HMM Namu in the Strait of Hormuz. In a briefing on Wednesday, First Vice Foreign Minister Park Yoon-joo said the government investigation ... [more...]

KBS World (English)

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S. Korea Points to Iran in Hormuz Ship Attack, Plans to Summon Ambassador

[Politics] : The government has concluded that Iran was likely behind the May 4 attack on the South Korean-operated cargo ship the HMM Namu, which was struck while stranded in the Strait of Hormuz amid the U.S.-Iran conflict. First Vice Foreign Minister Park Yoon-joo announced on Wednesday that the findings of the ... [more...]

The Korea Herald

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Seoul shares surge to new high of over 8,000 on optimism for US-Iran deal

South Korean stocks pulled off a new record high over the 8,000-point level Tuesday driven by optimism for a possible US-Iran peace agreement that would open the Strait of Hormuz. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 199.8 points, or 2.55 percent, to close at a record 8,047.51, extending its winning streak for the third consecutive session. It is the first time that the Kospi has closed over the 8,000-point level, following its bre

The Korea Herald

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Seoul shares open at new record high over 8,000 on hopes for US-Iran deal

South Korean stocks opened at a new record high of over 8,000 Tuesday on rising hopes for a US-Iran deal to reopen the Strait of Hormuz. The benchmark Korea Composite Stock Price Index rose 183.8 points, or 2.34 percent, to 8,031.51 as of 9:15 a.m. The index topped the 8,000-point mark for the first time since May 15. Overnight, US President Donald Trump said that peace negotiations with Iran are proceeding "nicely" but warned of fresh attacks if they fail. On optimism for a possible end of the

KBS World (English)

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Washington Post: US, Iran Framework Deal Includes Strait of Hormuz Reopening within 30 Days

[International] : The United States and Iran have developed a memorandum of understanding framework that would extend the current ceasefire by 60 days, with the Strait of Hormuz to be demined and reopened as part of the deal, the Washington Post reported Sunday. Under the latest proposal, which is awaiting Iranian ... [more...]

The Korea Herald

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Stocks rise, oil and dollar slide on Middle East peace hopes

US stock futures rose on Monday while the dollar and oil prices slipped as the prospect of a deal to end the ‌Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check. The nearly three month war in ‌the Middle East has sent energy prices soaring and rewired global rates outlook due to worries over inflation as Tehran effectively shut down the strait through which much of the world's energy ⁠supply passes. US President Donald Tru

The Korea Herald

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Trump says not to rush as details emerge of a potential Iran deal

The United States is close to reaching a deal with Iran that would end the war , reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium , regional officials told The Associated Press on Sunday, though US President Donald Trump said he told representatives “not to rush into a deal.” Trump said negotiations were “proceeding in an orderly and constructive manner,” and the relationship with Iran was becoming “much more professional and productive.” He pushed back a

The Korea Herald

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Lee, Takaichi forge energy front as Hormuz crisis bears down

Seoul-Tokyo ties accelerated Tuesday as South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi agreed to deepen energy and supply chain cooperation under shared pressure from the effective closure of the Strait of Hormuz. Lee and Takaichi met in Lee’s hometown of Andong, North Gyeongsang Province, in a reciprocal trip following Lee’s visit to Takaichi’s home region of Nara Prefecture in mid-January. The two-day visit marked the first exchange of hometown visits between s

KBS World (English)

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Iran Suggests HMM Namu Attack May Have Been ‘False Flag’

[International] : Anchor: The Iranian foreign ministry has stated its position on an attack on a South Korean cargo ship in the Strait of Hormuz earlier this month, saying it too has questions about the incident. While claiming ignorance, Tehran suggested the attack may have been an attempt by some unknown party to escalate ... [more...]

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Israel, Lebanon agree to implement ceasefire, boosting hopes for Iran deal

[Wang Son-taek] A hope for a Hormuz coalition

Korea to triple oil imports, secure more LNG from Canada amid energy shock

Trump Anticipates Reaching Peace Agreement with Iran 'Over the Next Week'

Repair Plan Finalized for HMM Namu

Trump says Iran, Oman will not control Strait of Hormuz, deal remains elusive

Iran-linked missiles behind attack on S. Korean vessel in Hormuz: foreign ministry

Seoul says HMM vessel probably hit by Iranian-made anti-ship missile

Gov’t: Iran’s Noor Missiles Likely behind Hormuz Ship Attack

S. Korea Points to Iran in Hormuz Ship Attack, Plans to Summon Ambassador

Seoul shares surge to new high of over 8,000 on optimism for US-Iran deal

Seoul shares open at new record high over 8,000 on hopes for US-Iran deal

Washington Post: US, Iran Framework Deal Includes Strait of Hormuz Reopening within 30 Days

Stocks rise, oil and dollar slide on Middle East peace hopes

Trump says not to rush as details emerge of a potential Iran deal

Lee, Takaichi forge energy front as Hormuz crisis bears down

Iran Suggests HMM Namu Attack May Have Been ‘False Flag’