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Market Impact: 0.58
Here's what the Saudi East-West pipeline shutdown means for Asia's biggest crude importers
Source: cnbc.com
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply ChainEmerging Markets

South Korea is highly exposed to the shutdown of a crude-oil pipeline, as Saudi Arabia supplied 34.1% of its crude imports in July. Volumes of Asia-bound oil that had been rerouted away from the Strait of Hormuz before the war were shifted to the now-closed pipeline, raising supply-disruption risks for South Korean refiners and Asian oil markets.
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