South Korea's parliament to hold emergency session on Iran conflict

South Korea's National Assembly foreign affairs committee will hold an emergency session this Friday to discuss the impacts of U.S. and Israeli strikes on Iran. The session follows attacks that began Saturday and resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei. The committee is expected to address global oil prices, the local currency, the economy, and government responses.

SEOUL, March 2 (Yonhap) -- The foreign affairs committee of South Korea's National Assembly will convene an emergency session this week to discuss the repercussions of U.S. and Israeli strikes on Iran, according to a lawmaker on Monday.

Rep. Kim Gunn of the main opposition People Power Party informed Yonhap News Agency that the session is set for Friday. This special meeting comes in the wake of U.S. and Israeli attacks on Iran that commenced on Saturday and led to the death of Supreme Leader Ayatollah Ali Khamenei.

The committee is anticipated to examine potential effects on global oil prices, the local currency, and the broader economy, alongside the wider security situation and the government's response strategies. It may also address related matters, such as tariff negotiations with the United States and North Korea's recent ruling party congress, which indicated a reluctance to engage in dialogue with Seoul.

Rep. Kim Gunn stated to Yonhap, emphasizing the need to closely review the Middle East situation's implications for South Korea's economy and security. The incident has raised concerns about international energy markets and regional stability, with the South Korean government bolstering its preparations.

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