South Korea moves to let tankers take Red Sea route to bypass Hormuz
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Seoul must ‘accept certain level of risk’ to ensure oil supply, President Lee says
President Lee Jae Myung said at a cabinet meeting April 6 that South Korea must “accept a certain level of risk to ensure a stable supply of crude oil.” © Reuters
SEOUL — South Korea plans to send some oil tankers through the Red Sea in an effort to secure resources unable to pass the Strait of Hormuz.
