Middle East Conflict
South Korea adds 74,000 jobs in April, slowest in 16 months
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South Korea added 74,000 jobs in April, marking the slowest growth in 16 months amid higher oil prices and weaker consumer sentiment from the Middle East conflict.
The rupiah reached Rp17,500 per US dollar on Tuesday, May 12, 2026. The pressure stems from a mix of global and domestic factors.
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Finance Minister Koo Yun-cheol said Monday that temporary price caps on fuel products will remain in place for some time due to instability in the Middle East.
Deputy finance ministers from South Korea, China, Japan and ASEAN discussed economic impacts and responses to the Middle East conflict. The virtual ASEAN+3 Finance and Central Bank Deputies' Meeting on Wednesday heard warnings from the IMF and ADB about downside risks to the global economy from rising geopolitical tensions. Participants shared policy measures and called for closer regional coordination.
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An exhibition of 151 Iranian artifacts at the Inner Mongolia Museum in Hohhot has drawn growing attention since the Middle East conflict began. Iranian media reported damage to Tehran's Unesco-listed Golestan Palace during US-Israeli strikes. The display underscores China's role as a safe haven for vulnerable global heritage.
The World Bank Group has announced a coordinated plan to provide financial aid to vulnerable countries like Kenya amid the Middle East conflict's effects. President William Ruto warned oil marketers against hoarding fuel for profit. This comes as fuel prices surge and some Kenyan petrol stations report shortages.
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An Iranian missile struck the Prince Sultan Air Base near Riyadh on Friday, wounding several U.S. service members and damaging aircraft. A U.S. official confirmed the injuries at the Saudi-U.S. shared facility. The attack comes amid ongoing Iranian strikes on U.S. bases since the war began a month ago.
Paris and London to co-chair Tuesday meeting on Strait of Hormuz
May 10, 2026 20:00Trump rejects Iranian proposal to end Middle East war
May 10, 2026 03:57Budget carriers cut flights as fuel prices surge
April 16, 2026 17:01DAX reaches six-week high
April 14, 2026 20:05South Korea's import prices post sharpest rise in 28 years amid Middle East crisis
April 03, 2026 09:21Government plans Sh17 billion subsidy against fuel price hikes
April 01, 2026 03:10Government expands vehicle rotation to two-day system in public sector
March 31, 2026 03:04LPG tanker reaches Mumbai after crossing Strait of Hormuz amid energy concerns
March 30, 2026 03:36Ruto unveils measures to shield Kenyans from fuel crisis
March 29, 2026 04:58Seoul stocks open sharply lower amid Middle East crisis fears