South Korea says it will receive 6 million barrels of oil from UAE

South Korea says it reached an agreement with the United Arab Emirates to receive 6 million barrels of crude oil, aiming to stabilize energy prices spiked by the escalating war in the Middle East.

Kang Hoon-sik, chief of staff for South Korean President Lee Jae Myung, said in a briefing Friday that the emergency supplies are intended to curb fuel costs which surged this week.

Source: AP
--Agencies