Seoul: South Korea's finance ministry announced plans to hold an emergency meeting aimed at evaluating the economic repercussions of U.S. military actions against Iran's nuclear sites and the intensifying Middle Eastern conflict.

According to Yonhap News Agency, the meeting is scheduled for 3:30 p.m. and will be led by acting Finance Minister Lee Hyoung-il. Officials will deliberate on the potential impacts of the Iran-Israel conflict on South Korea's economy and consider strategies to address any adverse effects.

In a related development, the Ministry of Trade, Industry and Energy conducted a separate meeting to assess how the U.S. strikes might affect South Korea's trade, energy, and supply chains. Given that South Korea is entirely dependent on energy imports, predominantly from the Middle East, the situation is being closely monitored.

U.S. President Donald Trump announced on Saturday that American aircraft had bombed three critical nuclear facilities in Iran, signaling a significant escalation in the ongoing conflict between Iran and Israel.