The Korea Times
The Korean won weakened against the U.S. dollar Thursday, following a sharp gain in the previous session, ahead of U.S. President Donald Trump's scheduled message on the ongoing conflict in the Middle East. The won opened at 1,512.2 per dollar, down 10.9 won from the previous session's close. The currency has shown heightened volatility in recent sessions in line with developments in the Middle East, which have pushed up global oil prices and fueled concerns over inflation and a potential economic slowdown. On Wednesday, the won surged nearly 30 won, rebounding from a 17-year low, amid expectations for an end to the war, which began in late February following U.S.-Israeli strikes on Iran. Trump was scheduled to deliver a public address at 10 a.m. (Seoul time) on the Middle East conflict. In an interview with Reuters on Wednesday (U.S. time), Trump said the United States would be "out of Iran pretty quickly" and could return for "spot hits" if necessary. In a post on Truth Social, Trump also said Iran's "new regime president" had asked for a ceasefire, though Iran's foreign ministry dismiss
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