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Middle East crisis live: Iran rejects Trump’s 48 hour deadline to ‘make a deal’; US races to find missing pilot | US-Israel war on Iran

Middle East crisis live: Iran rejects Trump’s 48 hour deadline to ‘make a deal’; US races to find missing pilot | US-Israel war on Iran

Key events

South Korea’s finance minister met with envoys from Gulf countries to shore up energy security and the safety of Korean vessels near the strait of Hormuz, the ministry said on Sunday, as the escalating Iran war disrupts shipping.

In the meeting on Friday, Koo Yun-cheol asked the Gulf Cooperation Council ambassadors to ensure a steady supply of oil, liquefied natural gas, naphtha, urea and other critical resources, and to ensure the safety of Korean vessels and crew near the vital strait, the ministry said in a statement.

The envoys said South Korea is a “top priority” nation and pledged to communicate closely with Seoul to ensure stable supply, the statement said.

Like other Asian economies, South Korea relies heavily on energy imports, including through the strait of Hormuz, which was a conduit for 20% of the world’s oil before the US and Israel launched the war in February.

South Korean Finance Minister Koo Yun-cheol (R) attends an emergency meeting of economic ministers at the government complex in Seoul, South Korea, on Friday. Photograph: YONHAP/EPA
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