Oil Prices Fluctuate as Hormuz Strait Traffic Recovers
Oil prices are fluctuating as traffic through the Hormuz Strait recovers, tempering the war premium that had previously driven prices up. Seoul is also weighing options for contributing to stability in the region.
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Oil prices ease as recovering Hormuz Strait traffic tempers war premium
Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week.
Read full article →Seoul weighs viable options for contributing to Hormuz stability
South Korea is weighing a range of options for contributing to stability in the Strait of Hormuz, though it has yet to decide on a specific course of action, National Security Adviser Wi Sung-lac said Friday. Wi’s remarks came amid reports in South Korean media that Washington had specifically requested that Seoul deploy military assets to the strait and that the South Korean government was considering sending patrol vessels or maritime patrol aircraft. “The US side has not made any specific req
By The Korea Herald
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