Commodities (Crude Oil & Copper) & Macro Outlook

European Central Bank President Christine Lagarde stated on the 11th that conflicts in the Middle East and between Russia and Ukraine have led to rising energy costs, which in turn have pushed up all prices. In an interview with French newspaper Ouest-France published on the 11th, Lagarde

International oil prices surpassed $100 per barrel across all three major benchmarks as Middle East military conflicts intensified, according to Korean government ministries and international financial markets on September 13. The surge in Brent

According to Yonhapinfomax, all three major international crude benchmarks—Brent, WTI (West Texas Intermediate), and Dubai crude—surged past $100 per barrel on September 11, driven by escalating Middle East conflict and supply chain disruptions. Dubai crude, which serves as the reference for South

According to Iran's Tasnim News Agency citing informed sources, Iran and Oman reached an agreement in late August on new shipping routes through the Strait of Hormuz. Under the accord, vessels entering the Persian Gulf will use routes located entirely within Iranian territorial waters, with the

US President Donald Trump stated on the 12th (local time) in Dublin that the end of the war with Iran is "very close, probably right after the midterm elections." Trump told reporters Iran is trying to hold out as long as possible to complicate the election, but believes people understand this.

U.S. President Donald Trump suggested Iran is likely behind the attack on Saudi Arabia's East-West pipeline. The attack involved drone strikes and led to the shutdown of a key oil export route for Saudi Arabia, further escalating regional tensions. This development comes amid a broader conflict invo

In a recent statement, U.S. President Donald Trump accused Iran of being behind drone strikes on Saudi Arabia's East-West pipeline. The attack resulted in the shutdown of a critical oil export route for the kingdom, escalating tensions in the region. The accusation comes amid broader U.S.-Iran

Last week, major U.S. stock indices pared gains amid surging oil prices and bond yields that stoked renewed inflation concerns. The Dow Jones fell 1.6% on the week, while the S&P 500 and Nasdaq each declined 0.8% and 0.7%, respectively. West Texas Intermediate crude climbed above $100 per barrel

According to Bloomberg, on Monday (September 14), Iran will notify Gulf nations of a Strait of Hormuz shipping agreement.

US crude oil prices rose above $102 per barrel, reaching their highest level since May, driven by concerns over supply risks in the Middle East. The surge in West Texas Intermediate (WTI) crude oil reflects market sensitivity to geopolitical tensions and potential disruptions in oil supply. China, t

Saudi Arabia shut down its East-West oil pipeline on September 11, 2026, one day after drone attacks damaged pump stations in the Riyadh and Medina regions and injured personnel. The strikes were traced to Iraq's Maysan province, a border region adjacent to Iran, though no group claimed

U.S. crude oil prices topped $102 per barrel, marking their highest level since May, driven by supply concerns in the Middle East. The surge in West Texas Intermediate (WTI) crude reflects market sensitivity to geopolitical tensions in the region. Meanwhile, China's declining oil demand poses a

In February 2026, the U.S. Supreme Court ruled 6-3 that President Trump's tariffs, imposed under the International Emergency Economic Powers Act, were unconstitutional, according to data from Customs and Border Protection and the Penn Wharton Budget Model. The federal government's total exposure fro

On September 11, 2026, Saudi Arabia shut down its East-West Petroline after drone strikes damaged pump stations in the Riyadh and Medina regions, with the attacks traced to Iraq's Maysan province. The closure comes as the pipeline typically moves 4 to 5 million barrels of oil per day,

Brent crude fell from $109.97 to $104.61 on Friday, helping Bitcoin recover above $77,000 after a difficult week driven by inflation concerns. BTC gained roughly 0.9% on Friday, closing near $77,200, and held around $77,300 on Saturday. Chevron CEO Mike Wirth warned Friday that depleted crude oil i

President Trump said on September 12 that Iran may be responsible for the attack on Saudi pipelines. Trump also stated that Houthi militants do not want to engage in conflict with the United States, and that the U.S. maintains control of the Strait of

Houthi forces seized Perim Island at the southern mouth of the Red Sea on Friday 11 September 2026, according to four Yemeni government sources who spoke to Reuters, as Saudi-backed government forces withdrew from the strategic position that divides the Bab el-Mandeb Strait into two navigable

According to Reuters and France 24, Houthi forces captured Perim Island on September 11, the strategic rock that divides the Bab el-Mandeb Strait into two shipping lanes, after Saudi-backed government forces withdrew. In the same 48 hours, Saudi Arabia's East-West pipeline—the route carrying crude f

The U.S. Consumer Price Index held steady at an annual rate of 3.4% in August, matching market expectations, as reported by @WuBlockchain. Core inflation fell to 2.4%, marking the lowest level since March 2021, while the month-over-month increase reached 0.4%, the largest rise in three months. The u

According to President Lee Jae-myung on September 12, South Korea has reduced its Middle East crude oil dependency to around 50% from previously 70%, through measures including dispatching oil envoys, strengthening crude oil diplomacy, and promoting import diversification. The country also