South Korean refiners to take extra caution in Persian Gulf crude logistics amid Seoul-Tehran spat
South Korean refiners would take extra caution to ensure safe voyage of their Middle Eastern sour crude oil shipments sailing through the Strait of Hormuz amid recent diplomatic spat between Seoul and Tehran, industry sources told S&P Global Commodity Insights Jan. 25. South Korea’s shipping sector and refining industry are on their toes after the Korea Shipowners’ Association (KSA) issued…