Gov't to extend ban on petroleum hoarding for another 2 months amid prolonged Middle East conflict

🔴 Tension Rising Yonhap News Agency 2026-05-07
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.
경제제재유가영향석유제재미이란외교해상안보
Source: Yonhap News Agency (en.yna.co.kr)
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