Middle East Tensions Drive Oil Price Rally, Fueling South Korea's H2 Inflation Concerns

According to Yonhapnews, rising Middle East tensions are driving oil prices higher in late July 2026, fueling South Korean concerns over inflation in the second half of the year. If oil price gains continue, consumer prices could accelerate, potentially prompting faster interest rate increases. Additional U.S. tariffs and currency fluctuations are also adding to economic uncertainty for the country's exports and domestic consumption recovery.
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