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[Song Jong-hwan] What the US–Iran peace means for South Korea

In January this year, the World Economic Forum released the results of a survey of 1,300 experts worldwide. Half of the respondents described the current international situation as “extremely dangerous,” while another 40 percent regarded it as “dangerous.” Commenting on the findings, professor Kim Jung-ho of Sogang …

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Iranian regime likely to rebuild military with funds released by MoU, ISW assesses

The economic relief granted to Iran under the reported terms of the Memorandum of Understanding (MoU) would likely allow the Islamic regime to immediately reconstitute its military powers, according to an assessment published by the American think tank the Institute for the Study of War (ISW) on Tuesday.

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Fed holds key interest rate steady for 4th straight time under new Chair Warsh

WASHINGTON, June 17 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the fourth consecutive time, marking its first rate decision since new Chair Kevin Warsh took office last month, amid lingering concerns over the economic fallout of the Middle East conflict.

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"Early Signs Of A Turn In US Consumer Discretionary," UBS Says

Brent crude futures tumbled below the $80-per-barrel level earlier this morning for the first time since March as traders priced in the U.S.-Iran peace deal and the expected reopening of the Strait of Hormuz maritime chokepoint on Friday. Goldman Sachs and RBC Capital Markets both slashed their fourth-quarter Brent …

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​Peace deal will not bring instant relief

AFTER nearly four months of war, the United States and Iran have finally confirmed that a preliminary deal to end their conflict has been agreed, and is expected to be signed in Switzerland on Friday, June 19. This is welcome news for us here in the Philippines, as we have been hit hard by skyrocketing fuel prices, …

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