# (LEAD) S. Korean currency slides amid failed U.S.-Iran talks, Hormuz blockade | Yonhap News Agency

> 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.

- Date: 2026-04-13 · published 2026-04-13T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/19956-lead-s-korean-currency-slides-amid-failed-u-s-iran-talks-hormuz-blockade-yonhap
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-09 | [(LEAD) Korean won slides as U.S., Iran spar over ceasefire terms \| Yonhap News Agency](https://feedsoft.ai/events/19958-lead-korean-won-slides-as-u-s-iran-spar-over-ceasefire-terms-yonhap-news-agency.md) | -2.9% | -4.7% |
| BRENT | 2022-03-03 | [Oil slides from decade-highs as Iran talks kindle supply hopes \| Reuters](https://feedsoft.ai/events/10344-oil-slides-from-decade-highs-as-iran-talks-kindle-supply-hopes-reuters.md) | -1.8% | -1.2% |
| BRENT | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | +2.6% | +8.8% |
| BRENT | 2026-04-09 | [Dollar jumps as failed U.S.-Iran peace talks spark safe-haven push](https://feedsoft.ai/events/11161-dollar-jumps-as-failed-u-s-iran-peace-talks-spark-safe-haven-push.md) | -2.9% | -4.7% |
| BRENT | 2026-04-05 | [Arab News \| OPEC+ agrees modest output increase amid Strait of Hormuz crisis](https://feedsoft.ai/events/19612-arab-news-opec-agrees-modest-output-increase-amid-strait-of-hormuz-crisis.md) | -9.7% | -4.1% |
| WTI | 2022-03-03 | [Oil slides from decade-highs as Iran talks kindle supply hopes \| Reuters](https://feedsoft.ai/events/10344-oil-slides-from-decade-highs-as-iran-talks-kindle-supply-hopes-reuters.md) | -1.7% | -2.6% |
| WTI | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | -2.3% | +8.7% |
| WTI | 2026-04-09 | [Dollar jumps as failed U.S.-Iran peace talks spark safe-haven push](https://feedsoft.ai/events/11161-dollar-jumps-as-failed-u-s-iran-peace-talks-spark-safe-haven-push.md) | -3.3% | +2.0% |

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20260413003451320

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.