During the Strait of Hormuz blockade, South Korea increased oil imports from the United States.

2026-04-11 06:46:25

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According to Korean officials, due to the blockade of the Strait of Hormuz, South Korea is increasing oil imports from the United States to cope with supply disruptions.

The four major South Korean refineries are doing their best to secure crude oil supplies worldwide; among various alternative sources, U.S. crude accounts for the largest proportion.

Korean officials stated that the share of U.S. crude oil in South Korea’s oil imports has always been high and is expected to increase further in the future.

Additionally, reports indicate that South Korea has reserved about 50 million barrels of alternative crude oil for April. Although the locked-in oil reserves are below the typical monthly demand of 80 million barrels, they remain within a manageable range due to ongoing demand control and energy-saving policies.

South Korea is negotiating with the United States, Kazakhstan, Saudi Arabia, and Oman to increase oil supplies, while also monitoring naphtha supplies from Algeria and Greece.

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