Successful Emergency Plan in Seoul: Oil Route Diversification Eases Hormuz Crisis and Boosts May 2026 Stocks

 South Korea unveiled a strategic energy plan to bypass the Strait of Hormuz, securing its May 2026 oil requirements through alternative logistics. By importing 40 million barrels from Saudi Arabia and the UAE via non-traditional routes, Seoul has mitigated the risks of the ongoing regional conflict. Dependency on Middle Eastern oil dropped to 56% as the government expanded its reach to Africa and North America. Presidential Secretary Kang Hoon-sik noted that while May supplies are stable, the focus remains on managing high material costs and ensuring long-term energy resilience during the 2026 naval blockade.