Geopolitical Tensions and Oil Price Surge Add Volatility to South Korea’s Refining Industry

SEOUL, June 15 (Korea Bizwire) — A sharp spike in global oil prices, triggered by Israel’s recent airstrike on Iranian nuclear facilities, is injecting fresh uncertainty into South Korea’s refining sector just as it showed signs of recovery. Industry analysts say the attack—amid already fragile geopolitical conditions—has heightened concerns over global supply disruptions and intensified [...]