Tag: iran war

iran war

Latest News

Even tteokbokki prices are climbing as Iran war drives up food and beverage costs

Higher oil, raw material and exchange-rate costs are driving beverage, meal and snack price increases across Korea.

2026.6.28

Four more Korean-operated ships exit Strait of Hormuz with cease-fire agreement

The departure carried 26 sailors out of the critical waterway with a total of six vessels now clear, but more have yet to leave the region.

2026.6.24

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Vance reiterates Strait of Hormuz should be 'free of tolls' as 60-day negotiation period begins

U.S. Vice President JD Vance reiterated that "international waterways" should be "free of tolls" on Thursday, the day that the 60-day negotiation period between the United States and Iran officially began.

2026.6.19

BOK warns inflation may stay even after Iran war ends

Central bank cited oil prices, weak won and rising bonuses as key factors.

2026.6.17

Stocks gain on U.S.-Iran peace deal, though uncertainty remains

While the stock market regained stability after the United States and Iran announced that they had reached a peace deal, analysts warn against ruling out future volatility and dismissing inflation concerns.

2026.6.15

Ministry of National Defense spokesperson Chung Binna speaks during a press briefing held at the ministry in central Seoul on Dec. 18, 2025.

Korea to explore 'concrete' ways to support Hormuz stability after U.S.-Iran deal

Defense Ministry's Chung Binna said government was weighing several options for practical steps to restore and maintain strait operations, but that no final decisions have been made.

2026.6.15

Korean industries welcome end of Iran war, though some remain wary of oil prices

Airlines and shippers expect relief as the Iran war winds down, while refiners, shipbuilders and petrochemical firms stay alert to oil-price risks.

2026.6.15

War's lingering legacy: Despite Hormuz reopening, inflation, high rates and strong dollar may be new normal

While prices jumped quickly when the conflict began, experts have predicted a far slower drop in costs and rates, even with a cease-fire now in place.

2026.6.15

Korea eyes safe exit for 24 ships in Hormuz, weighs role in securing waterway

After a U.S.-Iran peace deal, Seoul is prioritizing the safe exit of 24 stranded vessels while weighing a broader security role in the Strait of Hormuz.

2026.6.15

Container shipping costs to Middle East rise for 3rd straight month in May amid lingering tensions

Container rates from Korea to the Middle East rose for a third straight month in May, extending gains amid tensions involving Iran.

2026.6.15

Tag: iran war

iran war

Latest News

Even tteokbokki prices are climbing as Iran war drives up food and beverage costs

Four more Korean-operated ships exit Strait of Hormuz with cease-fire agreement

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Vance reiterates Strait of Hormuz should be 'free of tolls' as 60-day negotiation period begins

BOK warns inflation may stay even after Iran war ends

Stocks gain on U.S.-Iran peace deal, though uncertainty remains

Korea to explore 'concrete' ways to support Hormuz stability after U.S.-Iran deal

Korean industries welcome end of Iran war, though some remain wary of oil prices

War's lingering legacy: Despite Hormuz reopening, inflation, high rates and strong dollar may be new normal

Korea eyes safe exit for 24 ships in Hormuz, weighs role in securing waterway

Container shipping costs to Middle East rise for 3rd straight month in May amid lingering tensions