South Korea’s Ministry of Oceans and Fisheries said some Korean vessels trapped in the Strait of Hormuz have begun departing but declined to disclose details, citing crew safety, shipowners’ requests and the high-risk nature of the waters. The strait has been blocked since late February after the outbreak of the Middle East war; 26 Korean ships were trapped. Following a US-Iran peace agreement earlier this month two Korean vessels have already left; the ministry did not say how many are leaving

2026-06-24

South Korea’s Ministry of Oceans and Fisheries said some Korean vessels trapped in the Strait of Hormuz have begun departing but declined to disclose details, citing crew safety, shipowners’ requests and the high-risk nature of the waters. The strait has been blocked since late February after the outbreak of the Middle East war; 26 Korean ships were trapped. Following a US-Iran peace agreement earlier this month two Korean vessels have already left; the ministry did not say how many are leaving now, so the number still in the strait is unknown.

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Multiple private fund managers said they received notices from cooperating brokerages overnight instructing them to suspend additions to managers' cross-border TRS (total return swap) exposure. TRS lets funds capture returns on overseas assets without moving principal offshore. The move follows a May CSRC-led, eight-agency implementation plan targeting illegal cross-border securities and futures fund operations and recent enforcement actions against brokers including Tiger Brokers, Futu Holdings

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