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SOUTH KOREA PERSPECTIVE
IRAN-HORMUZ STALEMATE: TEHRAN COURTS MOSCOW WHILE TRUMP WAITS FOR A PHONE CALL
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DOMINANT ANGLE
Seoul suspends fuel price caps pending end of conflict
Dominant angle identified — does not reflect unanimity of this country’s media
ANALYSIS
Korea Times and Yonhap report that South Korea's Energy Minister stated that fuel price normalization is a prerequisite for lifting the emergency price capping system put in place in response to the oil shock of the war. South Korea, which imports nearly all its oil, views Iran-US negotiations as a necessary precondition for any economic planning. Korea Times also tracks Iranian tankers being turned back by the US blockade, navigating empty in the Indian Ocean.
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