The situation in the Middle East is getting worse...Ministry of Industry "Limiting Oil Gas and Supply Chain Impact"

The government held an emergency inspection meeting as the situation in the Middle East deteriorated rapidly, with Iran launching a missile attack on Israel.

The Ministry of Trade, Industry and Energy, presided over by Choi Nam-ho, the second vice minister of the Ministry of Trade, Industry and Energy, looked at energy supply and demand and import conditions with related agencies and industries.

The Ministry of Industry found that the impact of the situation in the Middle East on domestic industries such as oil and gas supply and demand, exports, and supply chains is limited so far.

It said domestic oil and gas-introduced ships passing through the Red Sea near Israel are operating normally by bypass route and shipping delivery of export goods is also proceeding smoothly.

However, he added that he is keeping an eye on the rise in international oil prices that have continued since Iran's attack on Israel.

In addition, since there is a possibility of further expansion or restrictions on the passage of the Strait of Hormuz, a general situation room and an emergency response team will be operated to check the situation every day.