Seoul: The foreign affairs committee of the National Assembly will hold an emergency session this week to discuss the impact from U.S. and Israeli strikes on Iran, a lawmaker said Monday. The session is scheduled to take place Friday, Rep. Kim Gunn of the main opposition People Power Party told Yonhap News Agency.

According to Yonhap News Agency, the special session follows U.S. and Israeli strikes against Iran that began Saturday and resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei. The parliamentary committee is expected to discuss potential impacts on global oil prices, the local currency, and the economy, as well as the broader security landscape and the government's response measures.

The session will also likely address other issues, such as tariff talks with the United States and North Korea's recent ruling party congress, which indicated an unwillingness to engage in dialogue with Seoul. The committee aims to evaluate these developments and formulate appropriate responses to the rapidly evolving geopolitical situation.