South Korea Prepares for Potential Nationwide Driving Curbs Amid Oil Price Surge

South Korea is contemplating broader driving restrictions as global oil prices threaten to soar, influenced by geopolitical tensions involving the U.S., Israel, and Iran. This move aims to control energy demand amid supply concerns.

Finance Minister Koo Yun-cheol stated on Sunday that if crude prices surge to $120–$130 a barrel, restrictions initially placed on public institutions might extend to the entire public. This would be the first nationwide driving curbs since the 1991 Gulf War.

The finance ministry emphasized evaluating energy conditions and economic factors before making decisions. With 70% of crude imports from the Middle East, South Korea remains vulnerable to regional conflicts. Major companies urge reduced private car use, while politicians promote public transport as a sustainable example.