Israel launched a series of strikes on Iranian military and nuclear infrastructure early Friday, marking the most direct military exchange between the two countries in decades. The conflict, which began on June 13, has already drawn regional fallout, including drone and missile attacks from Iran and retaliatory airstrikes from Israel. In response, South Korean President Lee Jae-myung convened his national security team and announced that he will address the situation at the upcoming G7 summit. Global energy markets reacted swiftly, with crude prices surging over the weekend amid fears of supply disruptions.

South Korea, which imports nearly all of its