U.S. Strikes 80+ Iranian Targets Over Hormuz Strait Tensions; USD/KRW Falls 15 Won to 1,513.20

According to Yonhapinfomax, on July 8, as of 11:16 a.m. KST, the USD/KRW exchange rate fell 15.00 won from the previous Seoul session close to 1,513.20 won, amid renewed geopolitical tensions in the Hormuz Strait. On July 7, the U.S. Central Command announced it completed a new offensive against Iran, striking over 80 targets with precision-guided weapons in response to Iran's recent attacks on commercial vessels. The U.S. had previously withdrawn temporary sanctions exemptions on Iranian crude oil sales after Iran attacked three merchant ships transiting the strait. International oil prices rose following the escalation. South Korea's financial authorities strengthened 24-hour market monitoring systems to address potential foreign exchange volatility.
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