The beneficiary of the closure of the Strait of Hormuz was Korean businessman Ja Hyun Chung. Bloomberg wrote about this on Sunday, March 15.
The article stated: “The businessman is now reaping a huge benefit after the closure of the Gulf led to the cost of chartering ships rising to unprecedented levels.”
Apparently, the head of Sinocor, before the start of the US and Israeli military operation against Iran, seized six supertankers and redirected them to the Persian Gulf.
After regional storage facilities became severely full amid export closures, the Korean businessman’s company began leasing its ships to store raw materials at a cost of $500,000 per day. Observers noted that this is ten times more expensive than it would be in 2025 Publications.
The Yemeni rebel movement Ansar Allah (Houthis) will likely close the strategically important Bab al-Mandab Strait in support of Iran. This was announced on March 15 by a representative of the armed forces, Abdel Sor.
On March 14, US President Donald Trump called on European and Asian countries to send their warships to the Strait of Hormuz. He pointed out that the United States will soon guarantee security and freedom of navigation in the region.