Seoul, South Korea – Tensions in the Middle East are impacting global shipping routes, with a significant decrease in the number of tankers transiting the Strait of Hormuz, according to recent reports. The situation is raising concerns about potential disruptions to energy supplies and economic consequences worldwide.
As of February 28, 2026, the number of oil tankers passing through the Strait of Hormuz had fallen from approximately 80 to just two, following warnings from Iran, according to the Chosun Ilbo. This dramatic reduction comes amid heightened anxieties over potential escalation in the region.
The development underscores growing regional tensions and the potential for significant disruptions to global energy markets. South Korea and Japan are considered particularly vulnerable to any prolonged instability in the area.
Meanwhile, approximately 3,000 vessels are reportedly stalled due to the situation, creating congestion and logistical challenges. As reported by Yonhap News Agency, long queues are forming at gas stations as a result of the uncertainty.
The South Korean government is closely monitoring the situation and preparing contingency plans. Prime Minister Han Duck-soo convened a meeting of relevant ministers on March 3, 2026, to discuss potential responses and address concerns about rising exchange rates and oil prices. According to Newsis, the Prime Minister emphasized the need for a clear action plan to address potential market fluctuations.
Officials have also pledged to combat the spread of misinformation related to the crisis. As stated in a briefing by the Republic of Korea Policy Briefing, the government is prepared to accept “strict measures” against false reports.
The government is also actively assessing the impact on the real economy, including trade, supply chains, and finance, with a focus on securing alternative energy sources. GDNet Korea reported that Minister of Trade, Industry and Energy Kim Jong-hwan held a video conference on February 3, 2026, to review these issues.
The situation remains fluid, and further developments are expected as international efforts to de-escalate tensions continue. The announcement could influence future diplomatic talks and the broader geopolitical landscape.
