South Korea manufacturing: Energy crisis due to closure of Strait of Hormuz

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Published Mar 12, 2026

In South Korea, about 14,000 businesses with ties to the Middle East are in crisis and seeking government aid due to the US and Israel’s war on Iran. Many more that depend on oil-based petrochemicals face imminent closure. And it could have major consequences for South Korea’s industrialised economy.

Al Jazeera’s Jack Barton reports from Seoul.

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#SouthKorea #HormuzStrait #GlobalOilSupply #EnergyCrisis #SouthKoreaEconomy #MiddleEastTrade #IranTensions #OilSupplyRisk #EnergySecurity #SeoulNews #AlJazeeraEnglish

Category: News24
Tags: Hormuz Strait oil route, Iran US tensions, Israel Iran war

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South Korea manufacturing: Energy crisis due to closure of Strait of Hormuz

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