Jacob Smith10 Mar 2026As global oil prices surge, South Korea has vowed to impose a fuel price cap for the first time in nearly 30 years. President Lee Jae Myung also signaled plans to expand a large market stabilization program if needed to protect the economy from energy-driven inflation. #SouthKorea #OilPrices #EnergyCrisis #EconomicPolicy #GlobalMarkets7 likes6 comments#economicpolicy#globalmarkets#southkorea#oilprices#energycrisis
Jacob Smith10 Mar 2026Pakistan Prime Minister Shehbaz Sharif has announced a major austerity and energy-saving plan as the country grapples with a global fuel crisis linked to the ongoing Middle East conflict. Officials say disruptions after the closure of the Strait of Hormuz have affected energy supplies worldwide, forcing governments to introduce measures aimed at conserving fuel and stabilising their economies. #Pa7 likes6 comments#globaloil#pakistan#economicpolicy#straitofhormuz#middleeastcrisis
