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 route is the least economical option and ultimately unsustainable. Rounding Africa’s Cape of Good ...

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