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Illustration depicting rising fuel prices at a Seoul gas station amid South Korea's 2.6% consumer inflation surge from oil shock in Strait of Hormuz.
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South Korea's consumer prices accelerate to 2.6% in April amid oil shock

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South Korea's consumer prices rose 2.6 percent year-on-year in April, up from March's 2.2 percent and the fastest pace in 21 months, driven by soaring fuel costs from the ongoing Strait of Hormuz disruption. Government data confirmed the figures.

The Indian rupee continues to weaken against the US dollar. On Tuesday, it hovered around 95.36 in early trading. Since the beginning of this year, the currency has fallen by around 5.64 per cent.

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Militer AS menenggelamkan enam kapal kecil Iran dan menggagalkan serangan rudal jelajah serta drone di Selat Hormuz pada hari Senin, memungkinkan dua kapal dagang berbendera Amerika menyelesaikan transit dengan aman di bawah inisiatif 'Project Freedom' Presiden Trump. Insiden terpisah mencakup ledakan pada kapal yang dioperasikan Korea Selatan dan serangan rudal serta drone Iran terhadap UEA—yang pertama sejak gencatan senjata awal April—dengan pihak UEA melaporkan adanya intersepsi dan korban jiwa.

The Korean won opened at 1,519.9 per U.S. dollar in Seoul on Tuesday, hitting its weakest level in 17 years. Fears of global oil supply disruptions grew due to the escalating Middle East conflict. The KOSPI index also opened nearly 3 percent lower.

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Harga minyak melonjak 3% pada Senin, 29 Maret, dengan minyak mentah Brent mendekati $120 per barel, melanjutkan reli pekan lalu yang dipicu oleh ancaman AS-Iran. Eskalasi konflik, termasuk kekhawatiran akan serangan darat AS di Iran dan serangan Houthi yang bersekutu dengan Iran terhadap Israel, memicu lonjakan tersebut di tengah gangguan pasokan di jalur pelayaran utama.

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.

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Iran targeted energy infrastructure in Qatar, Saudi Arabia, Kuwait and the UAE on March 19, 2026, in retaliation for an Israeli strike on its South Pars gas field shared with Qatar. Brent crude prices soared past $115 per barrel, with European gas prices rising over 30%, amid disruptions in the Strait of Hormuz. Leaders including US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu traded statements on coordination and future actions.

 

 

 

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