South Korea proposes extra $17 billion budget to cushion energy costs fueled by Iran war
Seoul imports 94% of its energy needs, and almost 72% of its crude oil comes from the Middle East.
Seoul imports 94% of its energy needs, and almost 72% of its crude oil comes from the Middle East.
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Seoul imports 94% of its energy needs, and almost 72% of its crude oil comes from the Middle East.
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The increase largely reflects a sharp jump in energy prices since the U.S. and Israel launched their military operation against Iran.
Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war. Grouped from 10 articles across 8 sources.
Israel's new, defense-heavy budget comes as its forces fight Iran and the Lebanese Hezbollah militia, while also pursuing operations in Gaza. The UN said one of its peacekeepers was killed in Lebanon. Follow DW for more.
Rising fuel prices driven by the Middle East conflict are hitting the domestic tourism sector, with cancellations surging ahead of the Easter long weekend.
As corporate policies change, Americans will feel higher oil prices in their wallets beyond the gas pump.
Drivers are queuing for hours at petrol stations in Myanmar as the Iran war continues to send shockwaves across the globe. Grouped from 2 articles across 2 sources.