Seoul shares open lower on Iran deal uncertainty

South Korean stocks opened lower Monday as investor sentiment remained cautious amid renewed uncertainty over the fragile US-Iran ceasefire and rising oil prices.

After opening 0.91 percent lower, the benchmark Korea Composite Stock Price Index further lost 177.54 points, or 2.11 percent, to 8,244.67 as of 9:15 a.m.

Oil prices climbed after the US and Iran exchanged fresh strikes over the weekend, raising renewed concerns over energy supplies and shipping traffic through the Strait of Hormuz.

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