U.S.-Iran Ceasefire May Ease Global Oil Supply Constraints, Says South Korean Finance Ministry

Deep News04-08

South Korea's Ministry of Economy and Finance stated on Wednesday that a two-week ceasefire between the United States and Iran could help alleviate global oil supply tightness, although numerous uncertainties remain.

This assessment was made during a meeting led by Vice Minister of International Economic Affairs Moon Ji-sung, which included officials from oil import firms, the Export-Import Bank of Korea, and the Korea National Oil Corporation. The meeting aimed to review financial support for oil imports.

U.S. President Donald Trump previously announced he had agreed to suspend airstrikes against Iran for two weeks, provided Iran accepts "comprehensive" and "immediate" reopening of the Strait of Hormuz.

Since late February, when U.S.-Israel coalition forces launched airstrikes against Iran, the vital Middle Eastern shipping route has been effectively closed, causing disruptions in oil supplies and driving up global crude prices.

Moon Ji-sung noted, "While today's announced ceasefire and the temporary lifting of the blockade on the Strait of Hormuz may ease crude supply constraints to some extent, uncertainties regarding future developments persist. We must continue to closely monitor its impact on the South Korean economy."

He further added that the government will work closely with relevant institutions to monitor oil supply conditions and financial support measures, ensuring necessary assistance is provided in a timely manner.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1128339120?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-08 14:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128339120","market":"other","top_or_hot":-1,"title":"U.S.-Iran Ceasefire May Ease Global Oil Supply Constraints, Says South Korean Finance Ministry","media":"Deep News","content":"<p>South Korea's Ministry of Economy and Finance stated on Wednesday that a two-week ceasefire between the United States and Iran could help alleviate global oil supply tightness, although numerous uncertainties remain.</p>\n<p>This assessment was made during a meeting led by Vice Minister of International Economic Affairs Moon Ji-sung, which included officials from oil import firms, the Export-Import Bank of Korea, and the Korea National Oil Corporation. The meeting aimed to review financial support for oil imports.</p>\n<p>U.S. President Donald Trump previously announced he had agreed to suspend airstrikes against Iran for two weeks, provided Iran accepts \"comprehensive\" and \"immediate\" reopening of the Strait of Hormuz.</p>\n<p>Since late February, when U.S.-Israel coalition forces launched airstrikes against Iran, the vital Middle Eastern shipping route has been effectively closed, causing disruptions in oil supplies and driving up global crude prices.</p>\n<p>Moon Ji-sung noted, \"While today's announced ceasefire and the temporary lifting of the blockade on the Strait of Hormuz may ease crude supply constraints to some extent, uncertainties regarding future developments persist. We must continue to closely monitor its impact on the South Korean economy.\"</p>\n<p>He further added that the government will work closely with relevant institutions to monitor oil supply conditions and financial support measures, ensuring necessary assistance is provided in a timely manner.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S.-Iran Ceasefire May Ease Global Oil Supply Constraints, Says South Korean Finance Ministry</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S.-Iran Ceasefire May Ease Global Oil Supply Constraints, Says South Korean Finance Ministry\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-04-08 14:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>South Korea's Ministry of Economy and Finance stated on Wednesday that a two-week ceasefire between the United States and Iran could help alleviate global oil supply tightness, although numerous uncertainties remain.</p>\n<p>This assessment was made during a meeting led by Vice Minister of International Economic Affairs Moon Ji-sung, which included officials from oil import firms, the Export-Import Bank of Korea, and the Korea National Oil Corporation. The meeting aimed to review financial support for oil imports.</p>\n<p>U.S. President Donald Trump previously announced he had agreed to suspend airstrikes against Iran for two weeks, provided Iran accepts \"comprehensive\" and \"immediate\" reopening of the Strait of Hormuz.</p>\n<p>Since late February, when U.S.-Israel coalition forces launched airstrikes against Iran, the vital Middle Eastern shipping route has been effectively closed, causing disruptions in oil supplies and driving up global crude prices.</p>\n<p>Moon Ji-sung noted, \"While today's announced ceasefire and the temporary lifting of the blockade on the Strait of Hormuz may ease crude supply constraints to some extent, uncertainties regarding future developments persist. We must continue to closely monitor its impact on the South Korean economy.\"</p>\n<p>He further added that the government will work closely with relevant institutions to monitor oil supply conditions and financial support measures, ensuring necessary assistance is provided in a timely manner.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DIG","symbol_name":"二倍做多美国油气指数","start_time":0,"source_url":"","article_id":"1128339120","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128339120","pubTimestamp":1775629825,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"South Korea's Ministry of Economy and Finance stated on Wednesday that a two-week ceasefire between the United States and Iran could help alleviate global oil supply tightness, although numerous...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DIG":"二倍做多美国油气指数","IEO":"iShares Dow Jones U.S. Oil & Gas","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","BNO":"美国布伦特原油基金有限合伙企业","USOI":"ETRACS Crude Oil Shares Covered Call ETN","IXC":"全球能源业ETF-iShares","DBC":"商品指数ETF-PowerShares DB","USE":"USCF Energy Commodity Strategy Absolute Return Fund","OIH":"石油服务ETF","BK4588":"碎股","PXJ":"Invesco Oil & Gas Services ETF","USL":"United States 12 Month Oil Fund LP","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","DBE":"能源商品ETF-PowerShares","VDE":"Vanguard Energy ETF","ERX":"二倍做多能源ETF-Direxion","XLE":"SPDR能源指数ETF","OILK":"ProShares K-1 Free Crude Oil ETF","DRLL":"Strive U.S. Energy ETF","OILT":"Texas Oil Index ETF","BK4570":"地缘局势概念股","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","XOP":"油气开采指数ETF-SPDR S&P","BK4585":"ETF&股票定投概念"},"translate_title":"韩国财政部称美伊停火可能缓解全球石油供应紧张","themeId":"8ae812d616356e4af8359faa795a5c92","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OIH":1,"OILU":1,"DRIP":1,"USE":1,"OILT":1,"IEO":1,"BNO":1,"VDE":1,"XOP":1,"DIG":1,"OILK":1,"USOI":1,"GUSH":1,"DRLL":1,"USL":1,"DBE":1,"IXC":1,"PXJ":1,"DBC":1,"XLE":1,"ERX":1},"content_text":"South Korea's Ministry of Economy and Finance stated on Wednesday that a two-week ceasefire between the United States and Iran could help alleviate global oil supply tightness, although numerous uncertainties remain.\nThis assessment was made during a meeting led by Vice Minister of International Economic Affairs Moon Ji-sung, which included officials from oil import firms, the Export-Import Bank of Korea, and the Korea National Oil Corporation. The meeting aimed to review financial support for oil imports.\nU.S. President Donald Trump previously announced he had agreed to suspend airstrikes against Iran for two weeks, provided Iran accepts \"comprehensive\" and \"immediate\" reopening of the Strait of Hormuz.\nSince late February, when U.S.-Israel coalition forces launched airstrikes against Iran, the vital Middle Eastern shipping route has been effectively closed, causing disruptions in oil supplies and driving up global crude prices.\nMoon Ji-sung noted, \"While today's announced ceasefire and the temporary lifting of the blockade on the Strait of Hormuz may ease crude supply constraints to some extent, uncertainties regarding future developments persist. We must continue to closely monitor its impact on the South Korean economy.\"\nHe further added that the government will work closely with relevant institutions to monitor oil supply conditions and financial support measures, ensuring necessary assistance is provided in a timely manner.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1128339120","isCrawlerRequest":true}