Korean President Lee Jae-myung Visits India: Hopes to Jointly Maintain Security of Strait of Hormuz
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Amidst the ongoing war between the US, Israel, and Iran in the Middle East, the Strait of Hormuz, a vital route for 20% of global oil and gas, is under threat of blockade, leading to global energy shortages and emerging economic and livelihood issues. Korean President Lee Jae-myung, in an interview with The Times of India, discussed South Korea's energy needs, similar to India's high reliance on the Strait of Hormuz, and how cooperation between the two countries could jointly maintain its passage, minimize the impact of the Middle East crisis on the global economy and energy security, and further reduce global supply chain risks.