Observable data points shared across all narratives
South Korea’s efforts to secure alternative energy supplies amid Strait of Hormuz tensions could cause fluctuations in global oil prices.
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South Korea has appointed an envoy to Iran to protect its vessels in the Strait of Hormuz, while continuing its energy diplomacy tour that includes Kazakhstan. Kazakhstan's role as a key energy partner supports South Korea's strategy to diversify energy sources and enhance supply security. The planned visit of Kazakhstan's President Tokayev to South Korea for a regional summit in September may further deepen cooperation between the two countries.