South Korea triples Canadian crude imports, targeting 16M barrels and 3.4M metric tons of LNG, amid Middle Eastern supply instability.

South Korea and Canada have agreed to deepen their partnership in energy and critical minerals as war in Iran and disruptions in the Strait of Hormuz reshape gl

South Korea will triple Canadian crude imports to 16 million barrels in 2026 and commit to 30-year LNG purchases as the Hormuz supply shock forces a major energy supply overhaul.