South Korea has begun consultations with the United States, Iran and other relevant countries regarding navigation through the Strait of Hormuz following the signing of a preliminary deal aimed at ending the monthslong war in the Middle East, the foreign ministry said Tuesday.

According to U.S. officials, President Donald Trump, Vice President JD Vance and Iran’s parliamentary speaker Mohammad Bagher Ghalibaf inked the memorandum of understanding (MOU) that would extend the countries’ ceasefire for 60 days, during which negotiations will take place to address nuclear and other issues to reach a final peace deal.

A large number of vessels, including two dozen South Korea-linked ships, have been stranded in the waterway, which Iran has effectively choked off with threats of missile and drone strikes amid the war.

“We are assessing the details related to maritime transit and have begun necessary communication with relevant countries, including the U.S. and Iran,” ministry spokesperson Park Il said during a regular press briefing.

According to Park, the government is closely monitoring a range of factors before making judgments on passage operations, including the presence of naval mines, the overall security situation in the strait and shipping traffic conditions.

He said the government will continue to prioritize the safety of South Korean vessels and sailors while working to ensure the smooth resumption of shipping.

Park added the government will also maintain close consultations with shipping companies in assessing developments in the region.

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