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South Korea’s Lee calls for preemptive emergency response as Iran conflict disrupts energy markets

AI summaryPresident Lee Jae Myung has ordered a preemptive emergency response system to counter supply disruptions from the U.S.-Israeli conflict with Iran, urging transparent disclosure of market data and swift passage of an extra budget. The government has introduced a fuel price cap and launched an investigation into alleged oil price collusion amid rising public anxiety over hoarding and profiteering.

1 distinct · 1 masthead · 2 articles Mar 24, 2026