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
Iran-backed Houthis Launch Missiles at Israel Amid Rising Middle East Tensions
Iran-backed Houthi rebels in Yemen have fired missiles at Israel, the first time the group has directly targeted the country amid escalating Middle East tensions. This development adds a dangerous new dimension to the already volatile conflict involving Israel and Iran. The missile strikes threaten Israel’s security and could draw it deeper into a broader regional conflict involving Iranian proxies. The attacks also increase the risk of disruptions to international maritime routes, such as those near the Red Sea, which are vital for global oil shipments. For Israel, the missile fire from Yemen expands the geographical scope of threats it... [Continue Reading]
360LiveNews | 30 Mar 2026 01:24
USS Gerald R. Ford Arrives in Croatia After Red Sea Operations Near Iran
The USS Gerald R. Ford, the US Navy's flagship aircraft carrier, arrived in the Croatian port of Split after operating in the Red Sea amid heightened tensions with Iran. The carrier, which participated in joint US-Israeli military strikes against Iranian targets last month, had stopped at Souda Bay, Greece, for critical resupply, refueling, and repairs following a fire in its laundry area on March 12. The fire damaged seven berthing compartments, causing disruption to the crew's living quarters and requiring extended repair efforts. The ship's commanding officer, Captain David Skarosi, highlighted the crew's relief at arriving in Split for rest... [Continue Reading]
360LiveNews | 28 Mar 2026 17:21
