South Korea (South Korea) has denied that it is planning to pay Iran to smooth the passage of energy-carrying tanker traffic in its country through the Strait of Hormuz.
"South Korea is not considering paying Iran for the cost of oil and gas traffic in the Middle East through the Strait of Hormuz," a South Korean presidential spokesman said on Thursday, April 1, as quoted by Reuters.
The news about the plan was reported by local Korean media. According to the spokesperson, until now the Korean government has not discussed Iran's plan to set tariffs for ships crossing the Strait of Hormuz.
"Reviewing the payment of the Hormuz transit fee is absolutely not true and is not something that is being considered," he said.
Previously, the Maeil Business newspaper reported that South Korea was carefully considering a policy of applying import tariffs or toll fees for ships crossing the Strait of Hormuz amid concerns over potential disruptions to energy supplies from the Middle East.
Regarding the threat of an energy crisis due to the US-Israeli war against Iran, South Korea is known to be preparing an additional budget of 26.2 trillion won or about 17.3 billion US dollars.
However, the budget can only be used if the South Korean Parliament approves the submission.
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