Governments scramble to protect economies as oil prices soar

Oil prices have soared while share markets have skidded on fears that the escalating US-Israeli war on Iran ​will squeeze energy supplies and hamstring industries around the world.

Following are actions ‌that governments are taking or plan to take to reduce the impact of the war on their economies.

SOUTH KOREA PLANS FUEL CAP

South Korean President Lee Jae Myung said on Monday that authorities would cap ​domestic fuel prices for the first time in nearly 30 years. The...