Korean won slides as US, Iran spar over ceasefire terms

The South Korean won fell against the US dollar Thursday as the United States and Iran wrangled over the terms of a two-week ceasefire in their monthlong conflict. The won closed at 1,482.5 per dollar, down 11.9 won from the previous session. The local currency spiked to a one-month high Wednesday after US President Donald Trump said he had agreed to refrain from attacking Iran for two weeks on condition that Iran reopens the Strait of Hormuz. Tehran also agreed to the reopening of the crucial w

By The Korea Herald