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Analysis Iran oil shock forces Seoul to weigh its energy needs against alignment with USSouth Korea’s ties to the West have made it more politically difficult to coordinate with Tehran Over a month into the U.S.-Israeli war with Iran, governments and firms across Asia have firmly shifted into emergency mode as the closure of the Strait of Hormuz disrupts shipping, fuel availability and industrial activity. For South Korea, the energy crisis has forced it to wrestle with how to secure the oil supplies it needs to sustain industrial output — possibly through negotiations with Iran — without alienating its most important security partner in Washington. The immediate risk is the breakdown of a global system that enabled reliable energy access, allowing South Korea to operate with high efficiency and predictability. © Korea Risk Group. All rights reserved. |





