Seoul prepares "worst-case scenario" amid rising oil risks

South Korea is preparing for a potential energy crisis as tensions in the Middle East escalate, with President Lee Jae Myung warning that the country must brace for a worst-case scenario.

Speaking at a cabinet meeting on Tuesday, March 17, Lee said the conflict is evolving beyond earlier expectations and is likely to have a growing impact on the daily lives of citizens. “We must now prepare measures for the worst possible developments, given the prolonged nature of the situation,” he stated.

According to CNN, the remarks came amid broader geopolitical pressure linked to the الأزمة in the region. The South Korean Defence Ministry said it has not received any formal request from the United States following calls by President Donald Trump for allies, including South Korea, to deploy naval assets to the Strait of Hormuz.

Lee outlined a range of potential response measures aimed at mitigating risks to the country’s energy security. These include mobilising diplomatic channels to secure alternative and stable oil supplies, as well as promoting energy conservation across the economy. The government is also considering steps to reduce road traffic, potentially using license plate-based restrictions to limit vehicle use.

In addition, authorities are reviewing the introduction of export controls and other emergency measures, including expanding the operation of nuclear power plants to stabilise the electricity supply. At the same time, Lee emphasised the need to accelerate the transition from fossil fuels to renewable energy sources as part of a longer-term strategy.

The warning highlights growing concerns in energy-import-dependent economies about the последствия of prolonged instability in the Middle East and its impact on global oil supply.

By Tamilla Hasanova