President Yoon Holds Emergency Meeting to Address Middle East Crisis

For South Korea, a regional war that disrupts their energy supplies from the Middle East would be devestating to their economy. This is true for many other countries as well, which is wahy Israel is probably under enormous pressure right now to not retaliate for the attack on their country this weekend:

President Yoon Suk Yeol on Sunday presided over an emergency meeting to discuss the economic and security impact of heightened tensions in the Middle East following Iran’s recent missile and drone strikes against Israel, his office said.

The meeting was held to discuss the global security and economic situation following the latest Mideast crisis and its impact on South Korea’s economy and security, it added.

Noting the growing uncertainty of the global economy arising from the geopolitical instability in the Middle East, the participants agreed to keep close tabs on the impact on the international oil prices and exchange rate movements and to respond quickly to its effect on the economy, including supply chains.

Yonhap

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