Trump effectively rejects Iran ceasefire plan… dollar-won 1,504.70won close

President Donald Trump did not approve the draft memorandum of understanding to end the war between the United States and Iran. 30 (local time), President Trump sent Iran a revised proposal that toughened the conditions in the tentative agreement contained in the memorandum. This changed the president’s decision when only the final approval process had initially remained.

Officials from both countries had tentatively agreed on the contents of the memorandum of understanding. The remaining process was at the stage of being finalized through final approval by the parties. President Trump’s dispatch of a revised proposal changed the schedule and content of the final approval process.

The specific contents of the revised proposal have not yet been disclosed. Officials said the proposal took the form of tougher conditions. Iran has not yet issued an official response, and it is not known whether it will accept the proposal.

The foreign-exchange market was volatile ahead of President Trump’s final decision. The dollar-won exchange rate was1,504.70won at the close. It ended trading after its intraday gains had narrowed.

President Trump said he would make a final decision soon. The timing of the announcement and Iran’s response schedule have not yet been confirmed. The detailed terms remain unconfirmed until additional documents from both sides and the contents of official announcements are made public.

South Korea’s financial markets and companies are watching the progress of this decision. Won-dollar fluctuations could affect the performance of industries with significant export and import settlements and foreign-exchange exposure. Official documents released in the future and Iran’s response remain relevant variables.