Lee Jae Myung Tells Aides To Keep Oil Price Caps Amid Middle East Tensions

According to Yonhap, President Lee Jae Myung on Sunday told senior officials to keep oil price caps in place until price uncertainty fully eases, citing renewed conflict in the Middle East. He said authorities should act quickly to limit the effect of volatile oil prices on domestic prices and also keep related measures such as oil tax cuts, adding that further steps should be considered if conditions worsen.