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.
Morgan Stanley cuts its China 2026 GDP growth forecast to 4.7% due to oil shock
Saudi Arabia, UAE and Israel report Iranian drone and missile attacks, according to CBS
South Korea's envoy is to visit Kazakhstan, Oman and Saudi Arabia as South Korea seeks to secure oil supplies amid the Hormuz disruptions
Large barrage of missiles were reportedly headed for Bahrain, with air raid sirens and alerts in multiple areas.
US Senator Jim Banks is to visit Taiwan from April 7th to 9th
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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.
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