South Korea risks US rift over Iran’s Hormuz Strait squeeze

AI Summary
South Korea faces a difficult situation as Iran leverages the Strait of Hormuz amid regional tensions. Iran's actions, including potentially restricting passage, create a dilemma for South Korea, which relies on Middle Eastern oil. While South Korea depends on the US for security and uses the US dollar for trade, Iran is pushing for yuan-based energy purchases as a condition for passage through the Strait. This situation puts South Korea in a bind, as it is hesitant to jeopardize its relationship with the US while also needing access to vital oil supplies. Experts suggest that breaking away from the US-led trade network is unrealistic for South Korea, despite the rising costs.
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