South Korea Fears War with Iran Will Negatively Impact Economy Due to Higher Oil Prices
If Iran conducts any terrorist attacks against the U.S. and refuses to give up on the pursuit of nuclear weapons the war will continue and oil prices will likely go up:
South Korea’s economy has enjoyed a boost since the inauguration of President Lee Jae Myung, but now finds itself bracing for the impact of the US attacks on three of Iran’s core nuclear sites — Fordow, Natanz and Isfahan.
On Sunday, US President Donald Trump said in an address at the White House that Tehran’s “key nuclear enrichment facilities” had been “completely and totally obliterated” by US forces.
“There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days,” noted Trump, adding that the US will go after other targets if Iran does not agree to peace.
Industry insiders here are concerned that this escalation of the conflict in the Middle East may increase oil prices in Korea, which imports approximately 70 percent of its crude oil from the region.
You can read more at the link, but China gets a majority of their energy from the Middle East and Iran as well. It would be in their interest to put pressure on the mullahs to compitulate to the U.S. nuclear demands. It would keep a government friendly to China in power in Iran and cause no further impact to energy supplies which is all in China’s national interest.
Yes, a longer war with Iran could see their oil-shipping business destroyed.
More likely by Israel than the USA; but “at this point, Senator, what difference does it make?”
LOL.. Korea Herald is such a libby media.. what boost are they talking about? Hitting the 3000 KOSPI….?
Jeffery Sachs: 22:00 minute mark: Iranians for decades wanted to negotiate with the US, did not want nuclear weapons, but the US, under the powerful Israel lobby, ignored this while lying to the US population.
The US is Israel’s bitch.
https://www.youtube.com/watch?v=hrwGNN0qNgY
So you want Iran to agree to yet another contract? ha! Who broke the agreement that was signed in 2015? None other than Donald Trump. I don’t see how any country signing an agreement with Trump’s America will be a benefit for them, when the US doesn’t stick to any of the contracts they sign. None. You don’t deal with contract breakers and bad faith negotiators who are determined to destroy you no matter what you do. It’s useless.
South Korea used to have great relations with Iran. Until the US came along and destroyed everything. As a nation with no natural resources that survives on trading with all countries of the world, it must have good relations with all the nations. For the most part, South Korea has good relations with most countries, unless the US is actively involved in poisoning or blocking the relations. South Korea doesn’t get involved in or interfere with the politics of other countries, so it has few enemies. This is something impossible for the US to learn.
Self-own after self-own from the Korean things. They just can’t stop trying to shill for Winnie XI:
Dismantling the increasingly dangerous and threatening American hegemony isn’t as bad now. The American hegemony is becoming a nightmare for the global economy. There’s nothing lost if the American hegemony is gone. Without the US, the world can freely trade again, and doesn’t have to be restricted by sanctions threats from America. If Iran is facing a total destruction, they will have nothing to lose. They will block the Strait of Hormuz. They can easily bring down the global economy in one day simply by releasing thousands of mines into the strait, which will take months and even years to clear, while the ground battle between the Magga army and suicidal Iranian insurgents rages in Iran. This will make oil triple and quadruple in prices, and there will be many countries that depend heavily on imported oil will face economic collapse. And all this for what? What Trump risked is why being a dumb, clueless, impulsive maglomaniac is so dangerous to the world.
Trump is making all his MAGA shills look bad.
Why do you keep threatening us with things that aren’t scary.
It is GOOD for America if Iran blocks the Straights of Hormuz.
How much oil does America get from there?
Do you get it now?
China, India, Japan, South Korea, and the EU will have a problem.
Fortunately, like America just happen to have some high-priced energy for the Eurotards who are boycotting Russia, America will be able to fill this gap as well. America is now the world’s largest oil producer and a net exporter.
If this happens, America should say it isn’t their fight and let those affected try to solve their problem. That clusterfùck would be fun to watch.
The reality is that closing the Straits would hurt Iran’s friends and allies far more than it would hurt America… which is why it is an empty threat that has not already been done.
Plus, America would use any involved ships for target practice and give an excuse to do to Iran’s entire navy what was done to their nuclear program.
Iran’s best strategy is to fund terrorism and proxies, though with Hamas hiding in the remains of Gaza and Hezbollah scared to death of electronics, that is less effective.
There are some scary things possible but closing the Straits and an American tank assault on Tehran are not scary.
Iranian illegal alien sleeper terrorists let in by Biden policies is much more scary.
But that is being taken care of, too.
Korea happily negotiates with terrorist, paid off Iran to get their oil tanker back. https://www.forbes.com/sites/dominicdudley/2021/02/24/south-korea-agrees-to-unfreeze-1-billion-in-iranian-assets-following-tanker-seizure-by-tehran/
You tink you’re immune to global price shocks? I don’t care how much shale oil you have. You can’t even process them yourselves without Canada. Lol. You fckin maggots still depend heavily on other countries for everything so don’t kid yourself. I say this is why the US should not be considered a trustworthy country. It’s a war mongering crazies full of dysfunctional dystopian ideology. Go away America, we don’t need your dangerous political stunts.
“You fckin maggots still depend heavily on other countries for everything so don’t kid yourself.”
Keep going. Eventually, you might work out that this is exactly the reason America needs all this to happen.
Trump won’t shut up about MAGA, self-sufficiency, reshoring, etc. Trump’s goal is to solve many of the problems you keep pointing out. You should be delighted that a president recognizes this weakness and it trying to change it through a combination of fair trade practices, removal of artificial government roadblocks, and putting American interests above everyone else’s. It’s almost as if you hate America so much you are angry at these problems being solved. Typical libtardization.
Instead of listening and seeing how this fits with what is happening, you yell fckin maggots at the sky. More libtardization.
Chicks dig sensible and positive guys. If you ever want to lose your vìrginity, you really need to work on your outlook and attitude.
Flyingsword, I have mixed feelings about that.
Freezing funds, also known as stealing, is not the way to go about business. It is a lazy way to deal with enemies and it destroys trust in the global financial system.
My sympathies lie with Iran here.
You steal our money? We steal your ship. Trade?
The American government has weaponized this against citizens with asset forfeiture.
The entire business is dirty.
US military bases in Qatar are now under attack by Iran.
https://www.youtube.com/watch?v=fc23hxQFMdQ
One dumb Orange ape started all this, needlessly, endangering the entire world. Facepalm.
The entire world should impeach the US from its position as the world leader. It is no longer fit to lead anything, let alone lead the world. The US is the source of all these instabilities that are crashing the world; the US is not fit to be a leader.
“dumb Orange ape” was smart enough to remove all the military planes that mattered from Qatar a couple of months back.
“The entire world should impeach the US from its position as the world leader. It is no longer fit to lead anything, let alone lead the world.”
Who said that?
Who the fùck said that?
So soon after Fordow?
Fuel up the B-2s.
Some ignorant chickensucker wants to get cut.
Since China doesn’t want to experience an economic crash, they publicly have been calling for regional restraint but they actually told Iran in a near panic to calm the hell down over threats to close the straits.
The professional analysts you don’t know about are following this closely. The mainstream media runs stuff like “Iran Will Stop Oil but China Doesn’t Care. Orange Man to Blame”.
Yeah. China cares very much.
Let’s see if Iran does it.
Oil futures (i.e., price per barrel) were down nearly 10 percent today. That hurts Russia, Iran, and Venezuela
All Trump can do is win. Commies and Korean Things hardest hit. Film at 11.
Ooops!!! So many leftist heads are going to explode!!!
US president congratulates Iran and Israel on ceasefire deal, but neither country has confirmed agreement to end war.
https://www.aljazeera.com/news/2025/6/23/trump-claims-ceasefire-reached-between-israel-and-iran
It sounds like his dementia is acting up again, and it’s getting worse each day.
“It sounds like his dementia is acting up again, and it’s getting worse each day.”
Really? Is that the best you can do?
Where were you when Biden clearly had dementia? Where was everyone else?
Something is wrong with the left.
They live in a fantasy world to hide what they don’t like. Then they live in a fantasy world to expose what doesn’t exist.
You do realize this is insane behavior, right?
This is why I am starting to appriciate “fascism”.
Clearly, a large percentage of the population need to be told what to do.
But I am a fan of “compassionate fascism”.
I won’t be, “get a medical experiment” or “get back on the street, criminal!”
I will be, “Get a useful education at a reasonable price”, “of course you can run over welfare people blocking traffic when you are trying to go to work”, and “dont let an illegal alien take your job or lower your pay.”
Anybody who disagrees goes to the camp.
Where were you when Biden clearly had dementia? Where was everyone else?
At least with Biden and Kamala you wouldn’t have this mess.
Even diehard MAGAs are lashing out against Trump for bombing Iran.
https://www.alternet.org/mtg-trump-gop-divide/
Had you voted for Kamala, per my advice, you wouldn’t have the economic chaos, unnecessary wars, and USFK withdrawal from Korea that Trump has bought on.
But you had to let your fear of wokeness cloud your good judgement.
Man… everybody is an idiot.
– There is, in fact, a ceasefire. It is in everyone’s interest for it to hold.
– The strait has not been closed. It is in nobody’s interest to do that… a threat that isn’t a threat.
– Trump is not involved in a foreign war or regime change. Ending a hostile country’s ability to make nukes with just 12 bombs after they constantly yell “Death to America” is not a foreign war. It likely orevents a future foreign war. Guiding the situation for the citizens to change the regime is not boots-on-the-ground regime change. Everything done was to America’s benefit and there is no obligation.
It is truly painful to watch the ignorant speculate as if they have a valid opinion.
It is perhaps impossible to recall any time the Korean Thing(s) were right about anything.
Iranian leadership is now very concerned about staying in power. Important people are dead. Important military and government organizations are broken and infrastructure is destroyed.
The war has not worked for them at all. It has weakened them, not just in actuality, but also in the eyes of the people.
If anybody steps up, they will likely lose power, as the majority of Iranians don’t want heavy Islamic and anti-Western insanity.
Let’s see what happens.