South Korea says no plans to pay Iran as Hormuz blockade persists

Inja News آوریل 15, 2026 2 minutes read

South Korea said Tuesday it has “no plans at this stage” to pay a toll to Iran in order to get its stranded ships out of the Strait of Hormuz.

“At this stage, we have no plans to pay Iran any form of compensation or to take any action that would run counter to what the United States has stated,” Foreign Minister Cho Hyun told lawmakers in parliament.

Cho revealed Seoul has shared data on its ships to Iran as well as the US and other Gulf nations, Yonhap News reported.

Separately, presidential aide Kang Hoon-sik said South Korea has secured 273 million barrels of crude oil imports from four Middle Eastern countries by the end of the year,

The statement came after his eight-day trip to Oman, Saudi Arabia, Qatar and Kazakhstan.

Iran has maintained control of the Strait of Hormuz amid conflict with the US and Israel, affecting global energy supplies.

In a tit-for-tat move, the US imposed a blockade of the key waterway on Monday with President Donald Trump saying the move was aimed at forcing Tehran back to the negotiating table.

The two warring sides are currently observing a 14-day ceasefire since April 8.

Late last month, the Iranian ambassador in Seoul said South Korean ships can go through the Strait of Hormuz, but only after coordination with Tehran.

Seoul paid roughly $144 billion in 2024 for its energy purchases from the Middle East.

As one of the most-energy dependent nations, Seoul has dispatched special envoys to Algeria and Libya and plans to send another envoy to the Republic of Congo to seek new supply routes amid the Middle East crisis.

To cushion the economic impact of the Mideast conflict, Lee’s government is implementing an extra budget of $17.7 billion.

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