# Bank of Korea to hold emergency meeting on Mideast tensions - The Korea Times

> The Bank of Korea planned an emergency meeting to check financial stability after US-Iran military escalation. The won fell almost 1% to 1,174.25 per dollar and the local stock index dropped more than 1%. Iran confirmed missile attacks on US bases in Iraq following the killing of a top Iranian general.

- Date: 2020-01-08 · published 2020-01-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/55318-bank-of-korea-to-hold-emergency-meeting-on-mideast-tensions-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Geopolitical risk pushed investors into safe assets and weakened the won, which affects dollar-denominated feed costs in Korea. Crude oil and freight risk also rose, though the effect on feed prices was limited.

## Read by commodity

- WTI: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-09-30 | [Crude Rallies on Middle East Tensions](https://feedsoft.ai/events/28488-crude-rallies-on-middle-east-tensions.md) | +9.1% | +5.0% |
| WTI | 2019-05-27 | [Oil up more than 1% on Mideast tensions and supply cuts](https://feedsoft.ai/events/59236-oil-up-more-than-1-on-mideast-tensions-and-supply-cuts.md) | -8.5% | -1.9% |
| WTI | 2018-04-11 | [Colombian peso gains on oil, Mideast tensions](https://feedsoft.ai/events/65789-colombian-peso-gains-on-oil-mideast-tensions.md) | +1.6% | +5.2% |
| WTI | 2026-03-12 | [Yuan Slips As Middle East Tensions Keep The Dollar On Top - Finimize](https://feedsoft.ai/events/11680-yuan-slips-as-middle-east-tensions-keep-the-dollar-on-top-finimize.md) | +10.6% | +13.9% |
| WTI | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +1.4% | +4.9% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20200108/bank-of-korea-to-hold-emergency-meeting-on-mideast-tensions

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