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President Lee on Surge in International Oil Prices: "No Need to worry... Domestic Situation Remains Stable"

(Seoul = Yonhap News) Reporter Seol Seung-eun = On the 12th, regarding the surge in international oil prices due to tensions in the Middle East, President Lee Jae-myung said, "As far as oil prices are concerned, I am not worried at all..."

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(Seoul = Yonhap News) Reporter Seol Seung-eun = On the 12th, regarding the surge in international oil prices due to tensions in the Middle East, President Lee Jae-myung said, "As far as oil prices are concerned, I am not worried at all..."

·Seoul, Korea (the Republic of)
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President Lee Jae-myung stated on the 12th, “I assure the public that you do not need to worry at all regarding oil prices.” The President made this announcement on X (formerly Twitter) that afternoon, saying, “Citizens, please do not worry. Prices of refined oils, including gasoline and diesel, will continue to stabilize.” As the conflict between the United States and Iran has recently intensified, disruptions to crude oil shipments through the…

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On the 12th, President Lee Jae-myung assured the public that there is no need to worry about oil prices, stating that domestic prices and supply of refined oils, including gasoline and diesel, remain stable despite the surge in international crude and refined oil prices. In a post uploaded to X (formerly Twitter) on the same day, President Lee stated, “We will strengthen crude oil diplomacy, including the dispatch of a special envoy for crude oi…

President Lee Jae-myung stated on the 12th regarding the surge in international oil prices, "Citizens, do not worry. Prices of refined oils, such as gasoline and diesel, will continue to stabilize."

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Reduced dependence on Middle East crude oil from 70% to the 50% range

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한겨레 broke the news on Saturday, September 12, 2026.
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