South Korean Won Drops as Iran-Backed Houthis Escalate Middle East Conflict
The South Korean won fell to 1,515.7 per U.S. dollar Monday, slipping by 6.8 won and marking its fourth straight session of decline. This depreciation is linked to the intensification of the Middle East conflict, which began in late February following joint U.S.-Israeli military operations targeting Iran. Recently, Iran-supported Houthi militants in Yemen launched missile strikes against Israel, signaling an escalation that risks further destabilizing the region. The Houthis have warned of continued attacks until Iranian strikes cease, creating fears over the security of global oil and liquefied natural gas shipments passing through the Red Sea, one of the world's... [Continue Reading]
360LiveNews | 30 Mar 2026 10:00
