SEOUL: South Korea will send five Korean-flagged ships to the Saudi Arabian Red Sea port of Yanbu to help establish alternative oil supply routes to avoid the disruption in the Strait of Hormuz , a ruling MP said on Monday (Apr 6). Oil prices have surged amid the United States-Israeli war on Iran , raising growth and inflation risks for South Korea, which relies on Middle Eastern crude for around 70 per cent of its imports. Iran has effectively closed the Strait of Hormuz, a critical route for

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