Conflitto Medio Oriente
Seoul shares open higher amid hopes for easing Mideast tensions
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South Korean shares opened nearly 1 percent higher Friday amid hopes the U.S.-Israel war against Iran may end sooner than expected. The benchmark KOSPI rose 0.94 percent to 5,817.11, while the won rebounded from its 17-year low.
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.
The South Korean government plans to swiftly prepare a supplementary budget using excess tax revenue to ease livelihood burdens from the Middle East conflict, without issuing additional state bonds. This follows an order from President Lee Jae Myung. The budget will focus on alleviating logistics and fuel costs while supporting low-income households.
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The Middle East conflict has driven oil prices beyond US$100 per barrel, positioning Angola and other African producers as key beneficiaries. A clause in Angola’s debt deal with Chinese lenders stipulates that when prices exceed US$60 per barrel, excess revenue goes into a reserve account for repayments. This opportunity allows Angola to replenish debt reserves and secure new loans for projects like the Lobito refinery.
Industry sources say Indian airline operators are now paying additional insurance charges for every aircraft flying into the Middle East. This is significantly increasing the cost of operations on these routes. Fares may rise as a result.
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The bilateral white-ball cricket series between Afghanistan and Sri Lanka, scheduled for March in the United Arab Emirates, has been postponed until the last quarter of 2026. The Afghanistan Cricket Board cited logistical challenges from ongoing regional tensions, including flight constraints. The decision follows disruptions caused by recent air strikes and drone incidents in the area.
Concerns about THAAD redeployment from South Korea overstated
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