Oil tanker arrives in South Korea after leaving the Strait of Hormuz

A Maltese tanker carrying one million barrels of crude oil successfully reached South Korea’s western coast after traversing the Strait of Hormuz in mid-April, highlighting the region’s strategic importance. South Korea is implementing strict price caps to shield its industrial sector from the ongoing Iran war. US President Trump maintains the broader understanding with Tehran is intact, warning of a more severe response if a deal isn’t reached immediately.