South Korean Economy

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Dramatic illustration of Iran's new supreme leader Mojtaba Khamenei amid Middle East conflict escalation, surging oil prices, and South Korea's economic crisis with falling won.
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Middle East crisis escalates with Iran's new supreme leader; South Korea hit economically

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The Middle East conflict, triggered by U.S.-Israeli strikes on Iran, has intensified with Mojtaba Khamenei named as Iran's new supreme leader. Global oil prices have surged past $114 per barrel, pushing the South Korean won to a 17-year low against the U.S. dollar. The South Korean government is bolstering evacuation efforts and economic stabilization measures.

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