In a bid to stabilize the country’s energy sector, Kang Hoon-shik, chief of staff to President Lee Jae Myung, is scheduled to embark on a diplomatic tour of Kazakhstan, Oman, and Saudi Arabia. The trip aims to secure vital supplies of crude oil and naphtha, a crucial petrochemical raw material, amidst the ongoing disruptions to shipping through the Strait of Hormuz. Meanwhile, President Lee Jae Myung is expected to convene with leaders from the ruling and opposition parties to discuss strategies for mitigating the economic repercussions of the crisis. South Korea relies heavily on the Middle East for approximately 70 percent of its energy requirements, rendering it particularly susceptible to the impacts of the US-Israel conflict with Iran.
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