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South Korea plans to cut its reliance on Middle East crude oil imports to 50% by 2035
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
South Korea aims to cut Middle Eastern crude oil dependence to 50% by 2035, responding to energy-supply disruptions caused by the Iran war. The diversification target highlights heightened geopolitical risk for Asian oil importers and could support longer-term demand for alternative crude suppliers and energy-security investment.
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