South Korea to Cut Middle Eastern Crude Reliance Below 50% by 2035

South Korea plans to reduce the share of Middle Eastern crude in its oil imports to below 50% by 2035, according to officials. The strategy aims to diversify supplies, reduce exposure to disruptions, and strengthen energy security. Seoul may expand purchases from other producers while investing in storage, infrastructure, and alternative energy sources. The shift reflects concerns about geopolitical tensions and volatile shipping routes. Analysts say implementation could be challenging because Middle Eastern suppliers remain central to South Korea’s energy needs.