Trump says U.S. will hit Iran 'very hard' over next week, war will end when he feels it 'in my bones'

Khamenei, Trump said that he is "probably alive in some form," but "damaged." On Thursday, Khamenei issued a defiant message, vowing to continue using the blockade of the Strait of Hormuz, a key oil shipping

Why Korea’s wealthy investors are buying the dip

through global markets. Tensions in the Middle East pushed oil prices sharply higher and rattled global equities. South Korea’s benchmark Kospi was no exception, suffering a steep pullback that dampened

Seoul shares open sharply lower as new Iran leader vows to keep Hormuz blockade

Industrial Average shed 1.56 percent to its lowest point this year. The tech-heavy Nasdaq Composite fell 1.78 percent, and the S&P 500 lost 1.52 percent. The decline came after Mojtaba Khamenei, who was named

Seoul shares close lower on extended Middle East tension; won sharply down

moved up 1.84 percent to 121,700 won, and S-Oil advanced 2.97 percent to 118,000 won. Mirae Asset Securities fell 1.4 percent to 70,400 won, while Kiwoom Securities closed unchanged at 450,000 won. The

Lee urges swift extra budget to cushion Middle East fallout

crisis, swift fiscal spending is essential to ensure that efforts to stabilize people’s livelihoods and support the economic recovery do not lose momentum,” Lee said during a meeting of senior secretaries

Wealthy nations release record oil reserves

obligation. Germany’s economy ministry, Katherina Reiche, said the IEA asked Germany to release 2.64 million tons — roughly 19.7 million barrels — of its oil reserves. She said it would take a couple of days

Sea drones target oil tankers in the Middle East as conflict risks widen

oil tanker Sonangol Namibe while anchored near Iraq’s Khor al Zubair port, according to US representative company Sonangol Marine Services. The company said its 23 crew ​members were safe, and did not

Seoul shares open lower amid extended woes over oil prices

South Korean stocks started slightly lower Thursday amid escalating oil price fluctuations sparked by the lingering US-Iran conflict and shipping disruptions at the key waterway in the Middle East

[Wang Son-taek] The hidden cost of war: Public diplomacy

credibility. The recent US and Israeli strike against Iran may appear, at least initially, to represent both political and military success. Iran’s supreme leader, Ayatollah Ali Khamenei, was killed in the

[Editorial] Oil price ceiling

relief and alarm. Officials increasingly warn of a familiar danger in Korean economic history: the combination of high oil prices, rising interest rates and a weaker currency. The government’s answer is to