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The won fell on April 13 to close at 1,489.3 per dollar after US-Iran talks in Islamabad failed to reach an agreement. Trump then ordered a US naval blockade of all ships entering or leaving the Strait of Hormuz, pushing oil prices higher.
A Hormuz blockade threatens crude and LNG flows, raising energy costs and fertilizer and freight risk for feed producers. The won's weakness also raises the local cost of dollar-priced imports.
en.yna.co.krOh Seok-minApr 13, 2026Not enough comparable past events yet for a historical read.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
