Economy · 2026-04-23
Oil Price Surge and Currency Moves
Surging oil prices were identified as the key driver of recent market volatility, with WTI climbing to around $94 amid ongoing Iran-U.S. military tensions. The won traded around 1,483 per dollar.
Panelists argued the current oil spike is unlikely to be sustained over the long term — a scenario in which oil stayed near $100 a barrel for three to five years would inflict severe damage on the global economy, and the war-related triggers behind the spike are themselves unlikely to persist indefinitely. They urged investors to base decisions on this longer-term view rather than reacting to short-term swings.