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المشهد العربي
South Korea's oil imports from Canada increase amid Iran conflict
South Korea's oil imports from Canada increased to an unprecedented level during the second quarter of 2026, reaching 61,000 barrels per day compared to 17,000 barrels in the first quarter. This surge was in response to energy supply disruptions caused by the war between Iran and the Middle East region. This development follows the removal of a 3% customs duty on Canadian oil shipments, under an agreement between Alberta Province and Korea, with expectations of continued reliance on Canadian oil in the future.
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