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... Iran and diversified its oil imports for risk management, as the US sanctions on Iran showed no signs of easing.

Despite the price advantage, Korea had chosen other countries such as UAE, which was a thorn in Iran’s side.

Korea had its own reasons.

Iran had seized several ships belonging to Korean shipping companies, including oil tankers, that passed through the Strait of Hormuz.

After tedious negotiations, the crew members were released and the ships were retur ...

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