PNN – The aftershocks of the warmongering by the US and the Zionist regime against Iran continue to manifest in global economies; this time, the impact is evident in rising inflation rates in South Korea.
According to the report of Pakistan News Network, citing Al-Mayadeen, consumer inflation in South Korea rose in June compared to the same month last year—a figure marking the highest level recorded in two and a half years.
According to the report, the rise in inflation in South Korea is attributed to the increase in oil prices following the aggression by the United States and the Zionist regime against Iran.
This rise in inflation marks the largest surge since December 2023.
The aggression by the United States and the Zionist regime against Iran—and the resulting instability in the region, including the closure of the Strait of Hormuz, through which one-fifth of global oil exports pass—led to a significant rise in oil prices and tensions within the global economy.