Gov't issues precautionary alert on possible resource disruption over Middle East crisis

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Gov't issues precautionary alert on possible resource disruption over Middle East crisis

Gas and oil prices are displayed on a sign at a gas station in Seoul on March 5. [YONHAP]

Gas and oil prices are displayed on a sign at a gas station in Seoul on March 5. [YONHAP]

 
The government issued Thursday a precautionary alert over a possible resource security disruption amid an ongoing geopolitical crisis in the Middle East, the Industry Ministry said.
 
The government issued the Level 1 alert in the country's four-tier resource security warning system to respond preemptively to a possible disruption in Korea's energy supply due to the Iran crisis, according to the Ministry of Trade, Industry and Resources.
 

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The ministry said authorities will raise its readiness against a potential prolonging of the Middle East conflict.
 
According to officials, the country has yet to experience any disruptions in energy supplies and maintains sufficient short-term supply capacity.

Yonhap
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