Economy Politics Country 2026-04-02T13:23:47+00:00

South Korea Denies Report on Possible Fees for Oil Transit Through Strait of Hormuz

The South Korean presidency refuted a report suggesting the country was considering paying fees to Iran for oil and gas transit through the Strait of Hormuz. A local newspaper had previously claimed such plans were being discussed.


South Korea Denies Report on Possible Fees for Oil Transit Through Strait of Hormuz

The South Korean presidency said on Thursday it is not considering paying fees to Iran for the passage of oil and gas supplies from the Middle East through the Strait of Hormuz, thus refuting a previous report by a local newspaper.