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

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran: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. Authorities should “swiftly introduce and boldly implement the maximum fuel price system” to curb excessive price increases, Lee told officials during an emergency economic meeting Monday.