South Korea has arranged crude oil shipments for July and August at levels exceeding 110 percent of the previous year’s average, the Ministry of Trade, Industry and Energy announced on July 21.

The ministry indicated that September arrivals are projected to reach at least 90 percent of last year’s volume. Officials expect no significant supply disruptions through the end of September.

Red Sea shipping traffic remains normal at present, with authorities monitoring the situation closely. In the event of disruptions, the government plans to pursue alternative routes, including the Suez Canal.