South Korea proposes over $17 billion in additional budget to ease energy costs as Iran war rages on

Seoul imports 94% of its energy needs, and almost 72% of its crude oil comes from the Middle East..

• South Korea on Tuesday proposed a supplementary budget worth 26
• 2 trillion won (about $17
• 1 billion) to ease the burden of rising energy prices on households and industries as the Middle east conflict has created a supply crunch