Iran Crisis

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Illustration of panicked South Korean stock traders amid 6% market plunge, oil price spike from Iran crisis, and president's fuel price cap announcement.
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South Korean stocks plunge nearly 6% amid Iran crisis; government announces fuel price cap

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South Korean stocks tumbled nearly 6% on March 9 amid U.S.-Israeli strikes on Iran driving oil past $100 per barrel. The won hit a 17-year low of 1,495.5 per dollar as circuit breakers activated. President Lee Jae-myung ordered a fuel price cap to curb soaring petroleum costs.

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