South Korea
place
Involved in
- Dozens of South Koreans urged their government not to deploy troops to the Strait of Hormuz.
- China, India, Japan and South Korea absorb the vast majority of Hormuz crude flows
- About 84% of crude shipments through the Strait of Hormuz in 2024 were headed to Asian markets
- Under the energy disruption scenario alone, Asian economies face the largest production losses, with South Korea potentially losing up to 11% of output, India around 8%, Japan around 7%, ASEAN economies up to 5%, while the euro area faces losses of around 3% and the United States is barely affected.
- South Korea exported $496.3 billion in the first half of 2026.
- Germany strongly condemns the Houthi attacks against infrastructure in Saudi Arabia and on Yemeni government forces.
Statements attributed to it
Nothing in the record is attributed to this entity as a speaker.
Origin: first recognised while reading The ECB Maps the Trap, Cracks Form and Bessent Slips Up · 2026-09-11 07:39