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5 hours ago

As Red Sea blockade threat grows, Korea weighs Suez Canal as crude import route of last resort

As Red Sea blockade threat grows, Korea weighs Suez Canal as crude import route of last resort

Korea is weighing the Suez Canal as a fallback route for crude oil imports should a worst-case scenario materialize — namely, a full blockade of the Red Sea by Yemen’s Houthi rebels as the U.S.-Iran conflict intensifies. However, experts warn this... Read more.

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