Business & Economy · 4 views
How a Little-Known Company Dominated the Persian Gulf Oil Trade
South Korea’s Sinokor controls about half the tanker transits through the Strait of Hormuz, benefiting from a big bet just before the war in Iran started.
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South Korea’s Sinokor controls roughly half of the tanker transits through the Strait of Hormuz, a position it secured by making a large investment shortly before the war in Iran began.
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