South Korea is increasingly importing Saudi crude via the Red Sea to reduce its reliance on the disrupted Strait of Hormuz route.

South Korea has secured 74% of its September crude oil needs as U.S.-Iran tensions raise fears of disruptions in the Strait of Hormuz.

A South Korean oil tanker has successfully transited the Red Sea and is currently en route home, marking the 14th crude oil shipment to use the route, the Minis

South Korea is increasingly importing Saudi crude via the Red Sea to reduce its reliance on the disrupted Strait of Hormuz route.