Seoul, June 23 -- South Korean economy is bracing for the aftereffects of US attacks on three of Iran's core nuclear sites: Fordow, Natanz and Isfahan, according to reports by the Korea Herald.

Korean Herald reports, quoting industry insiders, that there are concerns that an escalation of this geopolitical issue can result in rising oil prices in Korea. South Korea imports nearly 70 per cent of its crude oil from the region.

US President Donald Trump on Sunday said while addressing the White House that Tehran's "key nuclear enrichment facilities" had been "completely and totally obliterated" by US forces.

"There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days," Trump ...