Overview
- At a Cabinet meeting, President Lee Jae Myung directed preparations for a prolonged Middle East crisis and worst‑case economic fallout.
- The government is weighing energy‑saving curbs, including rotating driving limits based on license plates every five or ten days.
- Emergency options under review include potential export controls and increased operation of nuclear power plants.
- Officials highlighted an oil price cap already in place and an agreement to secure 6 million barrels of crude from the United Arab Emirates.
- Lee urged a swift supplementary budget for vulnerable groups and exporters, as the U.S. president renewed calls for regional allies to help reopen the Strait of Hormuz, and police sought a warrant for Gov. Kim Young-hwan and arrested a man over a U.S. airport bomb‑threat post.