South Korea's April crude oil imports from Iraq drop sharply

BAGHDAD, Iraq — South Korea's crude oil imports from Iraq fell sharply in April 2026, dragged down by supply disruptions tied to conflict in the Middle East, according to data from the Korea International Trade Association. The monthly figures showed a significant decline in Iraqi volumes and a drop in Iraq's share of South Korea's overall crude imports for the month. Shipment routes faced interruptions and loading schedules were delayed amid the conflict environment. South Korea increased its share of crude sourced from other Middle Eastern suppliers during the same period. Reuters reported, citing officials, that deliveries to South Korea, one of Asia's largest customers, could decline further if the escalation continues. Short-term pressure on prices from the supply disruptions was also flagged in the reporting.