SQUAWK/NEWS
Account
Theme
Account
Menu
Live News COMMODITIES FLASH L impact

South Korea to Sharply Reduce Energy Reliance on Middle East

By Kwanwoo JunSouth Korea plans to sharply reduce its reliance on Middle Eastern crude oil, seeking to diversify import sources and ease vulnerability to geopolitical risks.Asia's fourth-largest economy, which sourced about 70% of its crude-oil imports from the Middle East in 2025, aims to cut that…