
The won strengthened on April 15, opening at 1,471 per dollar after Trump said US-Iran talks could resume within two days in Pakistan. The won had reached its highest level in about a month the previous day.
Hopes for a US-Iran deal lower oil risk premiums, easing energy and fertilizer cost pressure on feed supply chains. A stronger won reduces the local cost of imported feed ingredients.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
Not enough comparable past events yet for a historical read.
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.