Juyoung Hong (21)

Basically, Middle Eastern oil is cheap because its quality is slightly inferior to the most representative crude oil, West Texas Intermediate (WTI) or North Sea Brent oil.

But it wasn't a big deal. When it comes to crude oil refining capacity, Myongjin and other Korean oil refining companies are among the best in the world.

The problem was that no matter how excellent their crude oil refining capabilities were, it was useless without any crude oil.

In any case, the emergency meeting held at the Myongjin Group headquarters ended without any specific solution.

But this was not a problem Myongjin faced alone because there were other oil refineries in South Korea.

In the Mirae Group headquarters.

"You mean we can't find any solution?"

"No, sir. No matter how hard we tried, we couldn't. Moreover, Iran seemed to view the turmoil in Saudi Arabia as an opportunity. That's why they dispatched additional naval forces to increase the blockade in the Strait of Hormuz."