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 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, th...