Oil price surge could hit Korea’s growth, KIET warns
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Source: The Korea Herald
Published: 2026-03-16 18:47 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Science, Middle East, Asia, Military & Defence, South Korea, Iran, Energy, Economy & Finance, World News, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
SEJONG — A surge in oil prices triggered by the war involving Iran could deal a significant blow to the South Korean economy if the rally persists, given the country’s heavy reliance on Middle Eastern crude oil, a state-run research institute warned Monday.
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