Middle East crisis
Panic buying of garbage bags exposes weaks links in petrochemical supply chain
A woman fills up her car at a gas station in Seoul on March 9: The South Korean government has announced an expansion of fuel tax cuts to ease price pressures. © Reuters
KIM JAEWON and STEVEN BOROWIEC
SEOUL — South Korea will launch a 25 trillion won ($16.6 billion) “wartime” supplementary budget, expand fuel tax cuts and step up efforts to secure oil and liquefied natural gas supplies, as the escalating Middle East conflict drives up energy prices and stokes inflation concerns.
