US Iran
A senior Cheong Wa Dae official said the government may consider another supplementary budget in the second half if the Middle East crisis persists. Hong Ik-pyo, presidential secretary for political affairs, denied opposition claims that the pending 26.2 trillion-won extra budget seeks political leverage before June 3 local elections. He cited downgraded growth forecasts and rising fuel prices.
Reported by AI
Oil prices rose on Monday after U.S. President Donald Trump and Iran threatened to attack energy facilities in the Middle East. Brent crude futures climbed to $113.20 a barrel, while U.S. West Texas Intermediate reached $98.85.