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South Korea Launches Energy-Saving Campaign Amid Iran War Risks

3/24/2026

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Summary

Story summary

South Korean President Lee Jae Myung announced a nationwide energy-saving campaign on March 24, 2026.
The campaign cites risks to oil and gas supplies from the Iran war.
Public institutions will reduce passenger car use, while private-sector vehicle restrictions remain voluntary.
South Korea imports 70% of its crude oil through the Strait of Hormuz and holds 190 million barrels in reserves.

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Story summary

South Korean President Lee Jae Myung announced a nationwide energy-saving campaign on March 24, 2026.
The campaign cites risks to oil and gas supplies from the Iran war.
Public institutions will reduce passenger car use, while private-sector vehicle restrictions remain voluntary.
South Korea imports 70% of its crude oil through the Strait of Hormuz and holds 190 million barrels in reserves.