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Market Chatter: South Korean-Operated Ship in Hormuz Suffers Fire; Trump Says Iranian Attack Caused It

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-- A South Korean vessel operated by shipper HMM (KRX:011200) caught fire on Monday in the Strait of Hormuz, which U.S. President Donald Trump said was due to an Iranian attack, Nikkei Asia said in a same-day report.

Trump said Iran fired at the South Korean cargo ship and other targets as the U.S. carried out Project Freedom, an operation to keep the Strait of Hormuz open to shipping, and urged Seoul to join the mission, according to the report.

A fire later broke out in the engine room of the Panama-flagged vessel, which had 24 crew members on board, including six South Koreans, the report said.

HMM said that the cause of the fire remains unclear, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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