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The won fell to 1,482.5 per dollar on April 9, down 11.9 won, as the US and Iran disputed the terms of a two-week ceasefire. Iran threatened to close the Strait of Hormuz again over Israeli attacks on Lebanon.
Renewed threats to the Strait of Hormuz keep crude, LNG and fertilizer supply at risk, supporting energy and feed input costs. The weaker won raises the local cost of dollar-priced imports.
en.yna.co.krPark Sang-sooApr 9, 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.
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.
