Seoul: South Korea on Monday welcomed a ceasefire agreement between the United States and Iran aimed at ending their monthslong war, while voicing hope for the safe passage of vessels through the Strait of Hormuz. "Our government welcomes the agreement reached between the U.S. and Iran, and the significant progress made toward restoring stability and peace in the region," foreign ministry spokesperson Park Il said in a statement.

According to Yonhap News Agency, the spokesperson expressed appreciation for President Donald Trump's leadership in facilitating the agreement, as well as the diplomatic efforts of the involved parties and relevant countries. There is hope that all affected vessels in the strait, including 24 South Korean-linked vessels, will soon resume safe operations.

The spokesperson mentioned that Seoul will continue to participate in international efforts to ensure freedom of navigation in this vital waterway. Currently, 137 South Korean sailors remain in the region after Iran blocked passage through the strategic waterway following U.S.-Israeli attacks in late February.

President Trump earlier announced that Washington and Tehran had reached a peace deal, with the Strait of Hormuz set to reopen once the deal is signed later this week.