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  • Middle East Crisis: Brewing oil shock sparks tantrum across Seoul markets Middle East Crisis: Brewing oil shock sparks tantrum across Seoul markets SEOUL, Mar 03 (AJP) - Oil supply disruption following the closure of the Strait of Hormuz — the critical artery through which most Middle Eastern crude flows to Asia — is raising fears of another wave of currency volatility and fuel-driven inflation, analysts warned. Iran’s Revolutionary Guards declared the waterway shut, threatening to “set on fire” vessels entering waters bor
  • Middle East Crisis: Is Seouls market binge over — or will it survive? Middle East Crisis: Is Seoul's market binge over — or will it survive? SEOUL, March 03 (AJP) — Is the two-year bull run in Seoul finally running out of steam, or will the market once again absorb an oil shock and move on? Tuesday’s verdict was brutal. The KOSPI plunged 7.24 percent to 5,791.91, while the tech-heavy KOSDAQ fell 4.62 percent to 1,137.70 — one of the sharpest single-day routs in recent memory. History off
  • Middle East crisis: Korea pulled into war axis with 70% oil exposure Middle East crisis: Korea pulled into war axis with 70% oil exposure SEOUL, March 03 (AJP) - South Korea sources roughly 70 percent of its crude oil from the Middle East — and about 95 percent of that volume passes through the narrow Strait of Hormuz off Iran’s coast. Tankers bound for Korea and other Asian destinations must transit the strategic waterway, navigating under the shadow of Iran’s Islamic Revolutionary Guard Corps (IRGC), which has threatened to
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