New Energy

Iran Shock Boosts South Korea’s Push to Cut Fossil Fuel Imports

Solar panels on the roofs of residential houses in Jeju, South Korea.

Photographer: SeongJoon Cho/Bloomberg

The Iran-driven energy shock is adding urgency to South Korea’s push to cut its reliance on imported fossil fuels, giving President Lee Jae Myung momentum to push his clean-energy agenda.

Electric vehicle sales and solar panel imports have surged since the conflict in the Middle East began in late February, early signs that higher fuel costs and supply risks are reshaping behavior.