South Korean President welcomes US-Iran ceasefire, expects safe passage in Hormuz

South Korean President, currently on a European tour, welcomed the ceasefire agreement between the United States and Iran, describing it as a crucial advancement that the international community has long awaited. He praised U.S. President Donald Trump's leadership in brokering the deal and acknowledged the diplomatic efforts of the involved parties and related nations.

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This agreement is a significant step toward resolving a situation the international community has long expected.

"This agreement is a significant step toward resolving a situation the international community has long expected," the President stated. He expressed hope for the swift restoration of peace and stability in the Middle East, laying the groundwork for the region's residents' safety and prosperity. The President also anticipated the stabilization of global energy supplies and the immediate resumption of safe navigation for all vessels, including South Korean ships and crews, which had faced restrictions in the Strait of Hormuz.

The President noted that rising tensions in the Middle East had previously led to increased energy prices and logistics costs, significantly burdening South Korea's domestic prices, corporate management, and daily life. While acknowledging that changes might not be immediately felt, he expressed optimism that this agreement would gradually resolve economic uncertainties and provide an opportunity for recovery.

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I praise the leadership of President Donald Trump who led the negotiation for this agreement and the diplomatic efforts of the negotiating parties and related countries.

South Korea, as a responsible member of the international community, pledged to provide necessary support and cooperation to ensure the agreement contributes to global peace and prosperity beyond the Middle East. The President affirmed continued close coordination with the United States and the international community to guarantee the sustained freedom and safety of navigation in the Strait of Hormuz.

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I hope that peace and stability in the Middle East will be restored quickly through this agreement, and that a foundation will be laid for the safety and prosperity of the region's residents.

President Trump announced at the G7 summit in Évian-les-Bains, France, that both sides had signed a memorandum of understanding (MOU) regarding the ceasefire. Iranian Foreign Minister Abbas Araghchi indicated that a signing ceremony for the MOU with the U.S. was likely to take place in Switzerland on June 19.

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I also hope that global energy supply will be stabilized, and that all ships, including our ships and sailors who have faced navigation restrictions in the Strait of Hormuz, can resume safe operations soon.