“It is unrealistic for South Korea to break away from this long-standing framework and pursue separate negotiations with Iran,” said Nah Won-jun, an economics professor at Kyungpook National University.
“Efforts to diversify energy and material suppliers have fallen short, as the country has remained deeply embedded in the US-led global trade network for decades. However, the costs of operating within this system are rising rapidly, especially for South Korea.”
Iran is reportedly allowing certain vessels through the strait, effectively turning a right of free transit into a privilege dispensed by Tehran.
Iranian Foreign Minister Abbas Araghchi has said the waterway is “open” but “closed only to our enemies”.
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