2026.03.2406:04:45UTC+00South Korean Won Remains Under Pressure

The South Korean won weakened to around 1,495 per dollar, remaining under pressure amid persistent uncertainty surrounding US-Iran tensions. The currency continues to be highly sensitive to developments in the Middle East, with US threats of strikes on Iranian energy infrastructure and Iran’s warnings over key regional energy routes sustaining strong safe-haven demand for the dollar.

Although oil prices eased slightly after reports that potential US strikes were delayed, ongoing volatility in crude markets continues to weigh on the won, underscoring South Korea’s heavy dependence on imported energy. Elevated energy costs and broader inflation concerns are amplifying investor caution and limiting the won’s capacity to stage a durable recovery.

Foreign capital flows are adding to the downward pressure, as investors remain wary in the face of risk-off sentiment across Asian markets. Market participants are closely tracking geopolitical developments and energy price dynamics for further direction.