South Korean Won Hits One-Month High Amid US-Iran Ceasefire

The South Korean won surged to its strongest level in a month following a critical ceasefire agreement between the United States and Iran. The currency closed at 1,470.6 per dollar, gaining 33.6 won from the previous session. This sharp recovery reflects easing market fears after both nations agreed to halt hostilities and reopen the Strait of Hormuz, a vital chokepoint for global oil shipments, for a two-week period. The ceasefire follows weeks of escalating tensions that began with U.S.-Israel