South Korea braces for 'worst-case scenarios' as Iran oil shock deepens

Riders refuel their motorbikes at a gas station in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022.South Korea stepped up its emergency economic planning on Wednesday as Prime Minister Kim Min-seok warned the government must prepare for "worst-case scenarios" from a Middle East conflict that has shown no sign of abating.The government planned to set up an emergency economic task force, led by Kim, to coordinate cross-ministerial efforts, the prime minister said at a press briefing, accordi ...