Commodities
Oil Price Plunge: Why Korean Gasoline Fell Just 0.3 Won
The oil price plunge followed hopes for U.S.-Iran talks: on Nov. 9, 2026, Brent fell 5.85% to $92.57 and WTI 4.38% to $86.85. Global gasoline fell about 210 won a liter in early November, but Korean pump prices fell just 0.3 won, held back by a price cap and an expiring fuel tax cut.