Export restriction

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Illustration depicting South Korea's Port of Busan halting naphtha exports due to Middle East conflict and Strait of Hormuz closure.
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South Korea to restrict naphtha exports starting Friday

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South Korea will restrict naphtha exports starting Friday due to supply shortages from the Middle East conflict. The measure follows U.S. and Israeli airstrikes on Iran that have effectively closed the Strait of Hormuz. The government plans support including expanded low-interest loans for domestic firms.

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