Lee calls for measures to handle worst-case scenarios over prolonged Mideast crisis

President Lee Jae Myung said Tuesday the government should prepare measures to mitigate the potential economic fallout under a worst-case scenario that the Middle East crisis could become prolonged. Lee made the call as the Strait of Hormuz, a critical global oil shipping route, has effectively been shut as the US-led war in Iran entered its third week, raising concerns for South Korea, which relies heavily on energy imports. "From now on, we must prepare measures with even the worst-case scenar

By The Korea Herald