preCharge News BUSINESS — South Korean stocks rose Monday to hit a fresh record, following their strongest monthly gain in 28 years, as investors weighed the latest development around the Middle East conflict.

The U.S. would attempt to “free” stranded ships affected by the Strait of Hormuz closure since the start of the Iran war, U.S. President Trump said in his Truth Social post Sunday.

Dubbed “Project Freedom,” the effort is set to begin on Monday, Middle East time and will focus mainly on getting civilian ships flagged in countries not affiliated with the conflict out of the contested waterway so they can “freely and ably get on with their business.”