South Korea's envoy is to visit Kazakhstan, Oman and Saudi Arabia as South Korea seeks to secure oil supplies amid the Hormuz disruptions

South Korea's envoy is making diplomatic visits to Kazakhstan, Oman, and Saudi Arabia to secure oil supplies, particularly in light of ongoing disruptions in the Hormuz Strait. This reflects a proactive approach by Seoul to mitigate risks to its energy security, which could lead to shifts in regional supply dynamics and impact oil prices. Traders should monitor how these diplomatic efforts influence sentiment in the commodities market, especially WTI.