Seoul government characterized Iran's plan to collect fees from ships passing through the strait as a violation of international law.
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The South Korean government formally opposed Iran's plan to demand transit fees from ships passing through the Strait of Hormuz. Seoul stated that it finds this measure unacceptable under the framework of international law.
The Strait of Hormuz is one of the most critical global energy trade routes, carrying millions of barrels of oil daily. For energy-importing countries such as South Korea, such a move would directly affect energy costs and supply security.
South Korea's government has expressed official opposition to Iran's plan to demand transit fees from ships passing through the Strait of Hormuz, characterizing it as contrary to international law. The strait is a critical energy trade route through which millions of barrels of oil pass daily.
For energy importer South Korea, this move could directly translate into increases in energy prices and supply security risks. Should transit fees through the Strait of Hormuz be implemented, the cost of imported oil would rise and energy bills could see an uptick.