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🇰🇷🇮🇷🇮🇱 South Korea just sent an envoy to beg Iran to free its ships. Its president just compared Israel to historical persecutors of Jews. Seoul is dispatching a special envoy to Tehran after dozens of South Korean ships have been stranded in Hormuz for weeks. Foreign Minister Cho spoke with Araghchi today pressing for safe reopening. South Korea imports 55% of its energy from the Middle East and crude imports have been completely suspended, forcing a "wartime-level crisis" declaration and a $17.1 billion emergency budget request. That's the diplomatic track. The political track is far more explosive. President Lee Jae-myung reportedly shared a video on X alleging IDF soldiers tortured a Palestinian child and threw him off a roof in Gaza. His commentary compared the current situation to historical massacres of Jewish people. This is a sitting president of a major U.S. ally, a country that hosts 28,000 American troops, publicly equating Israeli military conduct with the worst atrocities in Jewish history. It would have been unthinkable six months ago. The war's damage is rewriting how the world talks about Israel. Source: Bloomberg