Gov't to extend ban on petroleum hoarding for another 2 months amid prolonged Middle East conflict
🔴 Tension RisingYonhap News Agency2026-05-07
The government is extending its ban on petroleum hoarding for another two months amid continued supply concerns stemming from the Middle East conflict. It aims to prevent unfair practices and will utilize a reward program to monitor hoarding activities. The government is also strengthening enforcement against violations of the tariff-rate quota system.