South Korea has asked Gulf countries to guarantee a stable energy supply and ensure the safety of its ships, as tensions around Iran disrupt maritime transport.
South Korean Finance Minister Koo Yun-cheol met with representatives of the Gulf Cooperation Council to strengthen cooperation amid the global energy crisis.
Seoul stressed the need to maintain constant flows of oil, liquefied natural gas and other essential resources, while ensuring the safety of South Korean ships and crews near the Strait of Hormuz, a strategic axis of global trade.
The Gulf countries have assured that they consider South Korea a priority partner and have committed to maintaining close dialogue to stabilize supplies.
Highly dependent on energy imports, South Korea is particularly exposed to disruptions in the Strait of Hormuz, through which approximately 20% of the world's oil passed before the escalation of the conflict.
Since the start of the war involving the United States, Israel and Iran, this maritime route has been severely disrupted, contributing to rising energy prices and fueling fears of a global economic slowdown.
This move by Seoul illustrates the growing concern of major importing economies about the risks to strategic energy routes and the stability of global markets.
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