South Korean Won Weakens Amid Middle East Conflict and Global Oil Supply Fears
The South Korean currency weakened on Monday as heightened conflict in the Middle East deepened fears over global oil supply stability. The escalation involves Iran-backed Houthi militants in Yemen, who have begun firing missiles into Israel, threatening to continue attacks until U.S. and Israeli strikes on Iran cease. This development risks further disruption of critical maritime routes in the Red Sea, through which much of the world's oil and liquefied natural gas are transported. The war in the Middle East started in late February and has expanded into a broader regional crisis with significant economic implications. South Korea, a major... [Continue Reading]
360LiveNews | 30 Mar 2026 02:30
