Trump says the US is helping around 30 ships cross the waterway daily, but ship-tracking data suggests it’s fewer.

South Korea is considering deploying P-8A Poseidon maritime patrol aircraft, mine-clearance specialists and a naval logistics support ship to the Strait of Hormuz as U.S. forces confront Iranian maritime threats in the region.

South Korea is considering assisting US efforts to secure the Strait of Hormuz, after Washington recently scaled back joint military drills with Seoul. The move comes after several countries declined Trump's request to help reopen the key waterway.

Two oil tankers have been struck by unknown projectiles on the Strait of Hormuz amid renewed fighting between Iran and the United States.

South Korea is considering a range of measures, including a possible military contribution, to help safeguard freedom of navigation through

The South Korean government previously stated that deploying its troops to the Strait of Hormuz would only occur after the end of hostilities between the United States and Iran. H

The South Korean government on Friday pushed back on reports that concrete preparations were under way to deploy military forces to the Strait of Hormuz, saying that a review remains in progress.

The Big Money Show’ examines escalating U.S.-Iran strikes around the Strait of Hormuz as crude oil hits $90, global bond yields surge and renewed energy concerns put pressure on markets.