Inflation surges to 3-year high
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Iran, prices and Inflation
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Korea's inflation is accelerating again as war-driven oil shocks ripple through the economy, with the Bank of Korea (BOK) openly weighing a shift from rate cuts to rate hikes as price pressures show no sign of easing.
Crude oil prices reversed higher, after President Trump's social-media post saying the U.S. military will hit Iran "VERY HARD TONIGHT." WTI crude oil futures were surging 0.8% in recent trading, after being down about 0.
The prospect of a renewed U.S. air campaign cast fresh doubt on the viability of a ceasefire between the United States and Iran that has largely held since April.
