Seoul assessing impact of expanded US sanctions on Iran

South Korea is assessing the potential impact of Washington's sweeping new sanctions campaign against Iran, the Ministry of Foreign Affairs said Tuesday, as concerns grow that the measures could push up global oil prices and add another source of friction between the United States and China.

The US on Monday launched "Operation Economic Outcast," expanding the risk of secondary sanctions for third parties doing business with Iran in five key sectors — digital assets, technology, gold, aviation a