South Korea has signed an agreement to import approximately four million barrels of crude oil from the UAE. The deal aims to strengthen fuel supplies amid disruptions caused by the US-Israel war with Iran.
The agreement allows South Korea to immediately berth two national-flagged oil tankers at UAE ports. Each vessel has a capacity of two million barrels and avoids transit through the Strait of Hormuz.
The Strait of Hormuz is a critical chokepoint, handling a fifth of global crude oil exports. Iran claims control over the strait, creating risks for countries dependent on its shipping lanes.
South Korea relies heavily on oil passing through the Strait of Hormuz for its energy needs. Consequently, officials sought alternative routes to maintain stable crude imports during the conflict.
Presidential chief of staff Kang Hoon-sik confirmed the UAE also pledged access to strategic reserves. Up to two million barrels stored jointly in South Korea can be requested at any time.
South Korea ranks as the fourth-largest crude oil importer globally, according to US government data. Approximately 70 percent of the country’s oil imports travel through the Strait of Hormuz.
The UAE deal ensures South Korea maintains uninterrupted energy supply amid geopolitical tensions. Officials emphasised the agreement provides both immediate and long-term support for fuel security.
This partnership demonstrates strategic planning and diversification in South Korea’s energy policy. By securing UAE oil, Seoul mitigates risks posed by regional instability.
The move also signals South Korea’s proactive approach to energy management. Authorities continue to monitor developments and adapt supply strategies as global tensions evolve.
