South Korea is now considering sending military assets to the Strait of Hormuz to support freedom of navigation. Options include a maritime patrol aircraft, logistics support vessel, or mine-detection and clearance unit. Seoul previously said it would consider deployment only after the U.S.-Iran war ended. The shift comes after Trump criticized South Korea for not supporting the U.S. war effort.
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🇮🇷 Since the US naval blockade started, Iran has successfully exported 9 million barrels of crude oil from floating storage in the Gulf of Oman. Blockade failing 💪
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Iran launches its own maritime insurance program for the Strait of Hormuz. Ships must now pay insurance fees in Bitcoin for secure passage. This could directly impact the world’s largest marine insurance firms.
