Seoul, Tokyo agree to pursue oil, petroleum product swaps amid energy shock

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi agreed Tuesday to pursue cooperation on swaps and mutual supplies of crude oil and petroleum products, Cheong Wa Dae said.

The agreement, reached during their summit in Lee’s hometown of Andong, North Gyeongsang Province, expands the two countries’ energy security agenda beyond their existing cooperation on liquefied natural gas swaps.

Lee and Takaichi discussed global issues, including the conflict in the Middle Eas