Fuel prices surge in Korea amid Iran crisis

Fuel Prices Surge in Korea Amid Iran Crisis

Seoul, Korea - Fuel prices in Korea are rising at an unusually steep pace following the recent Iran crisis, raising concerns over possible collusion by gas stations and prompting renewed calls for stronger government intervention. The government is considering setting an upper limit on oil prices, and President Lee Jae Myung has warned against price-fixing. Despite warnings, prices continued to rise, suggesting the need for strengthened regulatory measures.