The South Korean government vowed efforts to help South Korean vessels stuck in the Strait of Hormuz to safely pass through the shipping route after the United States and Iran agreed to a two-week ceasefire with the full reopening of the crucial passage for oil. According to the officials, the Ministry of Trade, Industry and Resources will cooperate with the foreign and oceans ministries to ensure the safe and swift passage of Korean oil tankers tied up at the Hormuz Strait.

There are currently seven oil tankers, including four flag carriers, in the region carrying shipments for Korean oil refineries, according to the government officials. The ships are carrying a combined 14 million barrels of crude, which is equivalent to South Korea’s five-day oil consumption.