South Korea's President Lee says to consider export controls as Iran's war worsens and to focus on getting new stable sources of energy, adds must consider worst case scenario in energy due to the Middle East crisis

South Korea's President Lee's remarks on potential export controls amidst escalating concerns regarding Iran signal increasing geopolitical tensions that could disrupt energy supplies. This suggests a precautionary approach, particularly in energy markets, where these developments may impact prices and stability, especially for commodities like WTI. The emphasis on renewable energy also indicates a strategic shift in energy policy that could reshape the country's energy landscape in the long term.