(3rd LD) Lee orders retention of oil price caps until price uncertainty completely recedes
Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. "Amid the high likelihood that oil prices will remain volatile for some time, preemptive efforts should be made promptly to minimize their impact on domestic prices," Lee said in a meeting with his senior aides, attending the meeting virtually from Brasilia, where he is making a state visit. The president also instructed officials to maintain other related measures, such as oil tax cuts, saying further action should be considered if the situation worsens.
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- ▪"Amid the high likelihood that oil prices will remain volatile for some time, preemptive efforts should be made promptly to minimize their impact on domestic prices," Lee said in a meeting with his senior aides, attending the meeting virtua
- ▪The president also instructed officials to maintain other related measures, such as oil tax cuts, saying further action should be considered if the situation worsens.
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Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK (3rd LD) Lee orders retention of oil price caps until price uncertainty completely recedes Park Boram All News 11:42 July 27, 2026 This will let Google show Yonhap news articles that match or are related to your search Add Yonhap as a preferred source on Google SHARE Facebook X Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. LIKE SAVE PRINT FONT SIZE ABCDEFG ABCDEFG ABCDEFG ABCDEFG ABCDEFG (ATTN: UPDATES with more remarks in last 2 paras)By Park Boram BRASILIA, July 26 (Yonhap) -- President Lee Jae Myung on Sunday instructed senior officials to maintain oil price caps until price uncertainty completely recedes, citing the renewed confrontation in the Middle East.
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