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President Lee Reassures Public over Oil Prices Amid Escalating Middle East Tensions

Summary by The Korea Times
President Lee Jae Myung reassured Koreans on Saturday that the government is taking all necessary measures to stabilize oil prices amid a surge in global crude prices caused by escalating tensions in the Middle East. In a post on the social media platform X, Lee highlighted the government's efforts to diversify crude oil imports to reduce the country's reliance on the Middle East, with the region's share of imports falling from about 70 percent …

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(Seoul = Yonhap News) Reporter Seol Seung-eun = On the 12th, regarding the surge in international oil prices due to tensions in the Middle East, President Lee Jae-myung said, "As far as oil prices are concerned, I am not worried at all..."

·Seoul, Korea (the Republic of)
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President Lee Jae-myung stated on the 12th, “I assure the public that you do not need to worry at all regarding oil prices.” The President made this announcement on X (formerly Twitter) that afternoon, saying, “Citizens, please do not worry. Prices of refined oils, including gasoline and diesel, will continue to stabilize.” As the conflict between the United States and Iran has recently intensified, disruptions to crude oil shipments through the…

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On the 12th, President Lee Jae-myung assured the public that there is no need to worry about oil prices, stating that domestic prices and supply of refined oils, including gasoline and diesel, remain stable despite the surge in international crude and refined oil prices. In a post uploaded to X (formerly Twitter) on the same day, President Lee stated, “We will strengthen crude oil diplomacy, including the dispatch of a special envoy for crude oi…

[Digital Daily Reporter Kim Nam-gyu] Amid growing concerns over a surge in international oil prices due to the recent resurgence of tensions in the Middle East, President Lee Jae-myung stated in a message to the nation, "You do not need to worry when it comes to international oil prices." On the 12th, President Lee wrote on social media, "Citizens, please do not worry. Prices of refined oils, including gasoline and diesel, will continue to stab…

President Lee Jae-myung issued a message to the public assuring them that there will be no problems with the prices and supply of petroleum products, such as gasoline and diesel, despite the surge in international oil prices. On the afternoon of the 12th, President Lee stated via X (formerly Twitter), "Citizens, please do not worry. Prices of refined oils, including gasoline and diesel, will continue to stabilize," adding, "I assure you that yo…

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한겨레 broke the news on Saturday, September 12, 2026.
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