Seoul Prepares For Possible Release Of Oil Reserves Amid Threats To Close Hormuz Strait

SEOUL, June 23 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) said Monday it is closely monitoring the global oil supply and preparing for the possible release of oil reserves following reports that Iran is pushing to close the Strait of Hormuz. “We began 24-hour monitoring of changes in international oil prices and [...]