S. Korean President Urges Fuel Price Cap as Oil Jumps Near $120

South Korean President Lee Jae Myung called for the quick launch of a cap on fuel prices as the government moves to contain a spike in energy costs triggered by...

By Heesu Lee, Shinhye Kang · Bloomberg Markets

South Korean President Lee Jae Myung called for the quick launch of a cap on fuel prices as the government moves to contain a spike in energy costs triggered by escalating conflict in the Middle East.