Bank of Korea expects next year’s CPI and core CPI to each exceed its earlier forecasts of 2.3% and 2.5%, respectively.

Oct 22 — Secretary of Iran’s Supreme National Security Council Rezaei said there is a cost to any action against Iran and that Tehran prefers diplomacy if consensus can be reached. He warned that if the conflict continues Iran has the means to respond and that the ongoing situation will have strategic consequences, including sustained turmoil in energy markets over the next three years. Rezaei added the war has shifted dynamics in Iran’s favor as Gulf states rapidly redefine relations, increasingly concluding US forces cannot be relied on to defend their bases or countries.

Refinitiv, citing three U.S. officials, reports the State Department is preparing to order the evacuation of some U.S. embassy staff and their families from posts in the Gulf. Two officials said the move reflects concern that hostilities could resume, notably potential renewed clashes with Iran-aligned Houthi forces in Yemen.