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Three Levers China Is Pulling To Weather Gulf Energy Shock; How Long Can Beijing Hold Out?

The new troubling development is that maritime chokepoint chaos spread overnight from the Strait of Hormuz to the Bab el-Mandeb Strait, where Iran-backed Houthis targeted two Saudi Arabian tankers. The attacks expose yet another maritime chokepoint and risk further physical market tightening, forcing traders to pric…

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Lutnick calls for tangible results from S. Korea-U.S. shipbuilding cooperation, vows to clear regulatory roadblocks

WASHINGTON, July 23 (Yonhap) -- U.S. Commerce Secretary Howard Lutnick on Thursday stressed the importance of producing tangible results from shipbuilding cooperation with South Korea, pledging to help address regulatory roadblocks that Korean enterprises may face in the United States.

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New U.S. envoy hails S. Korea's shipbuilding cooperation as expanding alliance into 'new' territory

WASHINGTON, July 23 (Yonhap) -- New U.S. Ambassador to South Korea Michelle Steel on Thursday hailed South Korea's shipbuilding cooperation with the United States as an expansion of the bilateral alliance into a "new" and "important" territory, stressing that reinforcing the alliance is her "top priority."

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‘Weaponization of cultural heritage’: Israel accuses PA of exploiting UNESCO in bid for Sebastia

The Palestinian Authority has increased lobbying to have the historic archaeological site of Sebastia recognized as a UNESCO World Heritage Site ahead of a debate in South Korea later this month, a move that the Foreign Ministry claimed on Wednesday is politically motivated and posed a threat to the ancient ruins.

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S. Korea, U.S. open shipbuilding partnership center to advance MASGA project

SEOUL, July 23 (Yonhap) -- South Korea and the United States have opened the Korea-U.S. Shipbuilding Partnership Center (KUSPC) in Washington to facilitate US$150 billion in investment under the bilateral "MASGA" initiative aimed at helping revive the U.S. shipbuilding industry, the trade ministry said Thursday.

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