Iran conflict
Trump confirms delay of Beijing meeting with Xi amid Iran conflict
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US President Donald Trump has confirmed a delay to his planned trip to Beijing to meet Chinese President Xi Jinping, due to the escalating US-Israel war with Iran. The visit, originally scheduled for March 31 to April 2, has been postponed by five or six weeks. Trump stated that China is fine with the delay and relations remain strong.
The South Korean won opened at 1,503.2 against the U.S. dollar on Thursday, down 3.5 won from the previous session, amid mixed signals on U.S.-Iran talks to end their monthlong conflict. The White House said Wednesday that the two sides had held 'productive' discussions, while Tehran insisted no negotiations took place. Global oil prices have surged with the Strait of Hormuz effectively closed, raising concerns for energy-import-dependent South Korea.