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Govt. to secure oil supplies from outside Middle East amid possible closure of Hormuz strait

The government said Tuesday it will push for securing oil supplies from outside the Middle East in response to the possible closure of the Strait of Hormuz amid ongoing US and Israeli strikes on Iran, while stressing that South Korea has sufficient oil reserves. The Ministry of Economy and Finance held an emergency response meeting on the Iran conflict with related ministries to assess the impact of the situation on South Korea and discuss a response strategy. The ministry said no safety issues

3 Mar, 01:44 — 3 Mar, 03:07
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newsbeast12h ago

Ο Ιρανός στρατηγός Τζαμπαρί προειδοποιεί ότι θα «κάψει οποιοδήποτε πλοίο» στο στενό του Oορμούζ

Στρατηγός των Φρουρών της Επανάστασης προειδοποίησε τη Δευτέρα ότι θα «κάψει οποιοδήποτε πλοίο» τολμήσει «να περάσει το στενό του Ορμούζ», μια θαλάσσια αρτηρία ζωτικής σημασίας για το παγκόσμιο εμπόριο πετρελαίου, η οποία παραμένει ουσιαστικά κλειστή λόγω της σύγκρουσης στη Μέση Ανατολή. Παράλληλα, απείλησε με πλήρη διακοπή των εξαγωγών υδρογονανθράκων από τον Κόλπο. «Θα επιτεθούμε επίσης στους πετρελαιαγωγούς και δεν επιτρέψουμε να βγει από την περιοχή ούτε σταγόνα πετρελαίου», διεμήνυσε ο σ...

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Dawn12h ago

Strait of Hormuz crisis triggers cost surge fears

This handout satellite image taken by 2026 Planet Labs PBC on Monday shows smoke billowing following an explosion from the port of Bandar Abbas along the Strait of Hormuz.—AFP KARACHI: Escalating military conflict in the Middle East and the closure of the Strait of Hormuz have forced global shipping companies to adopt precautionary measures for the movement of goods by sea as well as for their staff and crew, while some firms have indicated the imposition of war-risk and contingency surc...

By none@none.com (Aamir Shafaat Khan)

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ndtv12h ago

Why Strait Of Hormuz, A Key Passageway For Global Energy Supply Matters

The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world's oil passes.

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Korea Herald13h ago

Govt. to secure oil supplies from outside Middle East amid possible closure of Hormuz strait

The government said Tuesday it will push for securing oil supplies from outside the Middle East in response to the possible closure of the Strait of Hormuz amid ongoing US and Israeli strikes on Iran, while stressing that South Korea has sufficient oil reserves. The Ministry of Economy and Finance held an emergency response meeting on the Iran conflict with related ministries to assess the impact of the situation on South Korea and discuss a response strategy. The ministry said no safety issues

By The Korea Herald

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