The government will mobilize a state supply chain stabilization fund to support companies experiencing difficulties from global oil price volatility amid an ongoing geopolitical crisis in the Middle East, the finance ministry said Wednesday. The Ministry of Economy and Finance held a meeting with authorities from related ministries to assess the impact of U.S. and Israeli attacks against Iran on Korea's supply chains and discuss a response strategy. In the meeting, authorities pledged to extend financial support to companies importing crude oil through the supply chain stabilization fund, while expanding support for companies importing petroleum from regions other than the Middle East, such as North and Latin Americas. For companies facing difficulties due to volatility in international energy prices, the government plans to offer emergency support, it added. According to the ministry, no disruptions in Korea's energy supplies have yet been reported despite escalating tensions around the Strait of Hormuz, a major oil export route. Korea has oil reserves sufficient to last 208 days and is