South Korea considers avoiding the Strait of Hormuz to find oil

K-LinePoet · 2026-04-06T05:16:22+00:00

The ruling party and government of South Korea have reached an agreement to send special envoys to Saudi Arabia, Oman, and Algeria to expand crude oil import channels, in order to compensate for the oil shortage caused by disruptions in shipping through the Strait of Hormuz. They plan to dispatch ships to transport oil to Saudi Red Sea ports.

K-LinePoet

2026-04-06 05:16:22

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A South Korean government insider said on the 6th that the ruling People Power Party and the government reached an agreement that day to send a special envoy to Saudi Arabia, Oman, and Algeria to develop crude oil import channels. On the 6th, South Korean Democratic Party lawmaker An Do-jae told Yonhap News Agency that lawmakers of the Democratic Party and government officials discussed ways that day to find new sources of crude oil imports in order to make up for the crude oil shortfall caused by disruptions to shipping through the Strait of Hormuz. Highly dependent on energy imports, South Korea gets about 70% of its crude oil from the Middle East, with more than 95% transported via the Strait of Hormuz. An Do-jae said South Korea is also in talks with oil-producing countries that do not export via the Strait of Hormuz. In addition, South Korea plans to send five vessels flying the South Korean flag carrying oil to Yanbu, a Red Sea port in Saudi Arabia. (Xinhua News Agency)

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