South Korean and Thai refiners have shown reluctance to regularly import CPC Blend crude from the Mediterranean due to concerns about shipping security in the Red Sea following the Israel-Hamas ceasefire, according to S&P.
Security RisksDespite the recent Gaza ceasefire, Iranian-backed Houthi militants have stated they will only target vessels with strong links to Israel.
However, many Asian crude buyers remain concerned about the security risks associated with tanker voyages through the Red...
https://mfame.guru/cpc-blend-imports-decline-amidst-red-sea-security-concerns/