South Korea is drawing growing interest from Middle Eastern oil producers seeking to store crude oil at the country's petroleum reserve bases, the world's sixth largest, amid a prolonged blockade of the Strait of Hormuz, a South Korean official and an expert on the matter have said.The blockade in the wake of the U.S.-Israeli attacks on Iran has taken a toll not only on South Korea and other nations dependent on oil imports but also oil-producing countries whose storage tanks are filling up, with nowhere to ship, according to Yang Gi Uk, head of the Industry and Resource Security Office at …READ FULL ARTICLE
