The Strait of Hormuz, the jugular vein of the global energy market, is on the verge of being severed. With Middle East tensions boiling over, the potential closure of this chokepoint—through which nearly 20% of the world’s oil flows—has sent…
South Korea’s heavy reliance on energy imports makes it uniquely vulnerable to the military tensions flaring in the Middle East, a brutal reality now playing out in the markets. The won has crashed through the 1,500 barrier for the first…
The recent US-Israeli strikes on Iran have thrown the Middle East back into turmoil, sending a shockwave through global oil markets and the world economy. For South Korea, this energy crisis presents both a direct hit and a series of…
