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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 route is the least economical option and ultimately unsustainable. Rounding Africa’s Cape of Good ...
As Red Sea blockade threat grows, Korea weighs Suez Canal as crude import route of last resort
Hellenic Shipping News
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