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  • GULF CRISIS: Hormuz as much insurance chokepoint as energy lifeline GULF CRISIS: Hormuz as much insurance chokepoint as energy lifeline SEOUL, March 19 (AJP) - The Strait of Hormuz is not just a chokepoint for global energy flows, but for insurance that is turning pricier every day from the protracted suspension and growing risk. Ships do not pass through Hormuz simply because sea lanes are physically open. They move only when insurers are willing to price and underwrite the risk. That makes U.S. President Donald Trump’s
  • GULF CRISIS: Price pressures and weak won deepen Koreas policy bind GULF CRISIS: Price pressures and weak won deepen Korea's policy bind SEOUL, March 19 (AJP) - South Korea’s central bank is facing a growing dilemma as potential war-driven price shocks can collide with a weakening currency, tightening the room for monetary policy maneuver. Like the Federal Reserve, the Bank of Korea is widely expected to hold rates steady next month. But how long it can stay on hold will depend on the duration of the Middle East conflict and the scale
  • AI war jolts Seoul into bipartisan push for defense chips AI war jolts Seoul into bipartisan push for defense chips SEOUL, March 19 (AJP) - The U.S.-Israel war on Iran — increasingly described as the world’s first “AI war” — is forcing South Korea to confront a critical vulnerability: its heavy reliance on foreign semiconductors in defense systems. Both Washington and Tel Aviv have confirmed deploying a “variety” of artificial intelligence tools in combat, from targeting systems to
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