Kuwait's force majeure on oil shipments to have limited impact on S. Korea: official

Kuwait's declaration of force majeure on crude oil shipments will have a limited impact on South Korea's oil supply as the country has already been working to cope with the impact of the Strait of Hormuz blockade, an industry ministry official said Tuesday. Yang Ghi-wuk, deputy minister for trade, industry and resource security, made the remarks in a regular briefing on the country's energy supply, explaining that the country has secured alternative crude supplies to stabilize the domestic fuel

By The Korea Herald