SEATTLE (Oil Monster): The United Arab Emirates has pledged to prioritize crude oil exports to South Korea, ensuring stable energy supplies amid escalating geopolitical tensions in the Middle East. The announcement was made by presidential chief of staff Kang Hoon-sik following his recent visit to the Gulf nation.
According to officials, South Korea has secured a total of 24 million barrels of crude oil from the UAE, including a previously agreed 6 million barrels. The UAE reportedly assured Seoul that no other country would receive priority over its shipments, reinforcing strong bilateral energy cooperation.
The move comes as global energy markets face uncertainty due to the ongoing conflict involving Iran and military actions linked to the United States and Israel, raising concerns over potential supply disruptions across the region.
Meanwhile, Lee Jae Myung expressed gratitude to partner nations for assisting in evacuating South Korean nationals. Cooperation with Japan, Qatar, and Saudi Arabia has been crucial in ensuring citizen safety during the crisis, while thousands of nationals have already returned home safely, according to officials.
Authorities added that energy security remains a top priority, with continued coordination expected to stabilize supply chains and support economic resilience going forward.
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