SEOUL - Industry Minister Kim Jung-kwan said Sunday that Saudi Arabia has promised to prioritize oil shipments to South Korea as Seoul seeks an alternative route through the Red Sea.Authorities in Seoul are pushing to dispatch five Korean-flagged vessels to the Saudi port city of Yanbu on the Red Sea coast to help establish alternative supply routes as the Strait of Hormuz has been effectively shut down amid the Middle East conflict."We are preparing measures to allow our vessels to use the Red Sea route, including the possibility of escort operations by the Cheonghae unit's Dae Joyoung des…READ FULL ARTICLE
