What Happens If Hormuz Is Blocked... Korea Cannot Avoid It Either | Professor Park Hyundo, Sogang University Euro-MENA Institute [Weekend Interview]

Summary

Professor Park Hyundo discusses the escalating Iran-US conflict over the Strait of Hormuz, Houthi attacks on Red Sea shipping, and Saudi Arabia's uranium enrichment approval. He explains how these events disrupt oil supply routes, causing Brent crude to surge above $90, and why the crisis may become a prolonged new normal. The interview highlights South Korea's heavy exposure and the limited near-term diplomatic off-ramps.

• Iran seeks de facto control over the Strait of Hormuz, demanding ships obtain its permission, triggering US military threats.
• Houthi rebels in Yemen are attacking Saudi oil shipments in the Red Sea, cutting off an alternative route and tightening global oil logistics.
• Trump has threatened to destroy Iranian bridges and power plants, including in Tehran, if Iranian forces attack vessels in the strait.
• Brent crude oil has surged above $90 per barrel, and the speaker sees further upside as the conflict drags on.
• Iran has abandoned US GPS in favor of China's BeiDou satellite system, dramatically improving its missile accuracy.
• The US approved Saudi Arabia's uranium enrichment for civilian nuclear power, potentially opening a nuclear race in the region and complicating Iran diplomacy.
• Alternative pipelines to bypass Hormuz would take at least two years to build, offering no near-term relief.
• South Korea imports 70% of its oil from the Middle East and is among the most exposed nations, facing direct economic damage if the strait is blocked.