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Event Brief

South Korea to Raise Fuel Price Cap Amid Iran Conflict

South Korea plans to raise its fuel price cap while expanding tax breaks to mitigate impacts from the Iran conflict.
WHO: South Korea
WHAT: raising fuel price cap and expanding tax breaks
WHEN: Mar 26, 2026 at 2:44 AM ET
WHERE: South Korea
WHY: to cushion the economic impact from the Iran conflict
Sources (1): Straits Times

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