The crisis in the Strait of Hormuz has severely disrupted global energy access. Northeast Asian countries, including South Korea, rely on maritime imports of crude oil and liquefied natural gas (LNG) to meet their demand, prompting emergency tapping of strategic reserves, limits on the export of petroleum products, and an interim recalibration toward alternative sources such as nuclear power and coal.

An examination of the Iran war and its associated impact on global energy trade raises prominent questions for Korea and Northeast Asia watchers, including: 

• How much of Korea’s energy comes from the Middle East?
• What will be the impact of the Iran war on energy prices and supply chains in both the short and long term?
• How are Seoul and other energy-import-dependent governments adjusting their strategies to mitigate their impacts?

Join KEI to discuss the main energy considerations for Korea in the wake of the Middle East crisis and what the global landscape for these resources will look like heading forward.