- Entry
- $152.51
- Final
- $138.88 -8.9%
- Target
- —
- Score
- -0.89
It looks like Seoul is tired of the constant volatility in the Middle East and is looking to diversify its crude supply. They’ve entered formal negotiations with Kazakhstan to secure a more stable flow of oil. The strategy is pretty straightforward: they’re trying to hedge against geopolitical risks in the Gulf. If this goes through, it’s a big win for South Korea’s energy security and could help stabilize global prices by adding more predictable supply to the mix. Key takeaways …
— ORIGINAL POST ·
South Korea is moving toward a major oil deal with Kazakhstan to reduce reliance on the Middle East
· r/investing
· Apr 12, 2026