Japan, South Korea hone diplomatic ‘muscle memory’ amid Taiwan worries
Energy security and supply chains topped the summit’s formal agenda. The subtext was a fear of ‘alliance abandonment’, analysts say
It was their fourth meeting in six months, a pace of leaders’ encounters that analysts say reveals much about the uncertainty the two US allies are united in feeling, despite their historical grievances.
Both leaders signed an agreement on Tuesday establishing a mutual swap arrangement for crude oil, petroleum products and liquefied natural gas, allowing the two nations to provide oil-related products to one another in the event of an emergency supply disruption.

“Recent instability in supply chains and energy markets stemming from the situation in the Middle East has further underscored the need for close cooperation between our two countries,” Lee said in a joint press statement afterwards.


