South Korean ships transit Strait of Hormuz oil at pre-war levels

The South Korean Ministry of Oceans reported that five ships owned by the country have left the Strait of Hormuz, one of which is headed to South Korea. Meanwhile, 13 ships remain stranded in the strait, carrying a total of 87 sailors. In another development, oil prices have fallen significantly, with Brent crude dropping to approximately $72.52 per barrel and West Texas Intermediate to $69.32, the lowest levels since February 27, amid declining expectations of increased supply and mounting concerns over demand.

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