live U.S.-Iran standoff continues as Hormuz shipping and diplomacy remain uncertain
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to res...
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
"I ultimately decided to step down from my position in order to do what I can, do what I must, for us to overcome the crisis we face," Han said, as cited by Yonhap.
Han made his announcement at the National Assembly, just one month before voters head to the polls on June 3 to elect a successor to impeached former President Yoon Suk Yeol.
Deputy Prime Minister Choi Sang-mok is now supposed to take on the role of the country’s acting president. He served in the position between December 2024 and March 2025.
Han, who previously served as prime minister under both liberal and conservative administrations and as South Korea’s ambassador to the United States, pledged to make an immediate push to amend the Constitution.
Outlining a detailed roadmap, Han said he would aim to draft an amendment proposal in his first year, finalize it in the second, and hold both general and presidential elections under the new Constitution in the third—after which he would step down.
“The key goal of amending the Constitution,” Han stated, “is for the president and the National Assembly to share power amid checks and balances—eliminating the juridification of politics and the politicization of the judiciary, and sincerely contributing to the national interest and public welfare through the institutionalization of cooperative governance and effective administration.”
Han also pledged to resolve current trade issues triggered in part by Washington's new tariff policy by drawing on his experience leading multiple trade negotiations to success.
He further promised to work for national unity and inclusion of the socially weak and marginalized.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Australia on Thursday condemned Israel’s decision to close its criminal investigation into the deaths of Australian aid worker Zomi Frankcom and six World Central Kitchen colleagues killed in Gaza in April 2024.
North Korea has fired more than 10 short-range ballistic missiles after U.S. President Donald Trump reduced American participation in joint military exercises with South Korea in an effort to revive dialogue with Pyongyang.
Georgia’s foreign trade data for January-July 2026 shows Kyrgyzstan, China and Russia as its top three export markets, highlighting its Middle Corridor ambitions and complex economic ties with Moscow.
Kazakhstan will vote on 23 August in its first parliamentary election under the new Constitution, choosing 145 members of the new Kurultai under a fundamentally changed electoral system based entirely on party lists.
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