The EU has joined a US-led effort to restrict Iran’s access to international financial networks, while South Korea weighs a possible maritime security role in the Strait of Hormuz.
The European Union has joined the United States’ economic pressure campaign against Iran as Washington seeks to further restrict Tehran’s access to international financial networks.
US Treasury Secretary Scott Bessent announced the development on X, saying the United States and its allies were working to prevent Iran from using global financial channels to support its nuclear program, weapons development and allied armed groups.
Bessent said the international community was sending a message that economic pressure would continue until Iran’s remaining financial channels were cut off.
The move comes as international attention also remains focused on maritime security in the strategically important Strait of Hormuz.
South Korea is reviewing whether to contribute to international efforts to protect shipping through the waterway. A South Korean presidential official said Seoul could consider assistance as long as any mission did not undermine the country’s military readiness. The government has stressed that discussions remain ongoing and that no final decision has been made.
Reports in South Korean and international media indicate that preparations for a possible deployment are becoming more concrete.
According to Australia’s SBS, South Korea’s military is preparing for a potential mission involving P-8 maritime patrol aircraft, an explosive ordnance disposal team and a logistics support vessel.
The reported deployment would focus on maritime security and supporting freedom of navigation rather than direct combat operations.
South Korean officials have previously indicated that Seoul would prefer to consider any deployment after the US-Iran conflict ends. The issue has drawn increased attention following criticism from US President Donald Trump over South Korea’s decision not to participate in US military action against Iran.
Discussions are also reportedly taking place with other countries over potential operational and naval support arrangements.
Any overseas military deployment by South Korea would have to pass several domestic procedures, including a National Security Council decision, a Cabinet resolution and approval from the National Assembly.
The proposal could prove politically sensitive, as South Korean public opinion has shown resistance to sending military forces to the region.
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