Key facts
- All but two South Korean vessels have departed the Strait of Hormuz.
- The Strait of Hormuz was closed following U.S. and Israeli airstrikes on Iran.
- A preliminary peace deal between the United States and Iran was signed on June 17.
- President Lee Jae-myung emphasized continued crisis management and supply chain diversification.
President Lee Jae-myung announced that all but two South Korean vessels have exited the Strait of Hormuz, a critical waterway that had been effectively closed following U.S. and Israeli airstrikes on Iran. The remaining two ships are unable to depart due to specific circumstances.
Lee provided the update during a Cabinet meeting, attributing the successful departures to government efforts and inter-ministerial cooperation. He also noted the preliminary peace deal signed between the United States and Iran on June 17, which precedes a final agreement to end their conflict.
Despite the positive development, President Lee cautioned that the crisis is not over, highlighting the significant time required for the global economy to recover post-agreement. He urged the government to maintain a robust emergency response system and focus on diversifying energy and raw material supply chains for long-term stability.