South Korea is dispatching a senior official to Oman, Kazakhstan, and Saudi Arabia to secure crude oil supplies that bypass the Strait of Hormuz. The country has secured 110 million barrels for April and May, as it relies on the Strait for 61% of its crude imports. Urgent measures are being taken due to potential fuel shortages, including price ceilings and driving limits for civil servants.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue