Commodities (Crude Oil & Copper) & Macro Outlook

Korean KOSPI and Japanese Nikkei 225 indices fell sharply during the June 11 morning session, with KOSPI dropping over 4% and Nikkei 225 declining over 2.6% as of publication time. The sell-off followed Iran's announcement that the Strait of Hormuz is closed to all ships effective June 11, with

According to BlockBeats, on June 11, President Trump claimed the U.S. military has been running "millions of barrels" of oil nightly through the Strait of Hormuz, attributing this to keeping oil prices from surging further and citing a classified mission to ensure tanker passage. U.S. Energy

South Korea's exports jumped 85.9% year-over-year during the first 10 days of June, while imports grew 35.6% over the same period, according to official trade data.

According to Jin10, CBOT corn futures declined 0.1% at close on Wednesday, pressured by favorable Midwest weather conditions that support crop germination and early growth. However, short covering ahead of major U.S. Department of Agriculture (USDA) reports and rising crude oil futures provided supp

According to Jin10 Futures, on Wednesday (June 10), CBOT soybean futures closed 0.9% higher, marking the first gain in nine trading days amid active short covering ahead of supply and demand data. The U.S. Department of Agriculture will release its June supply and demand report on Thursday.

According to Iran's Supreme Joint Military Command, on June 11, Iran prohibited all types of vessels, including oil tankers and commercial ships, from transiting the Strait of Hormuz. Any ship attempting to pass through will be struck, the command said in a statement reported by the Islamic

According to Al Jazeera, officials in Iran's Bushehr Province stated that the Assaluyeh gas complex has not experienced any explosion as of now.

U.S. stock indices fell on Wednesday as escalating US-Iran geopolitical tensions and persistent inflation pressures weighed on equities. The S&P 500 declined 1.6%, Nasdaq 100 dropped 2%, and Dow Jones eased 1.9%. U.S. consumer inflation accelerated to 4.2% year-over-year in May, marking the

The Cyprus Securities and Exchange Commission withdrew the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd at a board meeting on May 14, 2026, with the decision announced on June 9, 2026. The withdrawal was made under section 8(1)(a) of the Investment Services and

According to Guru Club, on June 11, WTI July crude futures rose 2.07% to $90.03 per barrel, while Brent August crude futures gained 1.80% to $93.10 per barrel. Abu Dhabi Murban crude futures also climbed 1.04% to $89.16 per barrel.

According to Xinhua News Agency, the U.S. military conducted strikes against multiple targets within Iran starting at 5:15 PM ET on June 10, characterizing the action as defensive. WTI crude oil futures opened approximately 3% higher following the

On June 10, the CFTC proposed a framework that would preserve election prediction markets and allow many sports-based prediction contracts while limiting bets that could encourage manipulation.

According to Xinhua, the International Maritime Organization Secretary-General António Manuel Dominguez strongly condemned a U.S. military attack on an oil tanker near the Strait of Hormuz on June 10, which resulted in a fire and three sailors going missing. The organization issued a statement on th

According to Trump, the U.S. military helped over 200 commercial ships safely transit the Strait of Hormuz today after he ordered a secret military operation last month. The action has resulted in more than 100 million barrels of oil passing through the strategic waterway and entering the open

According to a U.S. Treasury Department statement released this week, the department refunded nearly $22 billion in tariffs to importers in May. The refund amount marks a significant increase from $2 billion in April and represents the first major refund wave since the Supreme Court overturned

The Federal Reserve and European Central Bank face mounting inflation pressures as a military conflict between the U.S. and Iran centered around the Strait of Hormuz disrupts energy markets, with key policy decisions scheduled for 06/11/2026. The breakdown of a ceasefire has driven oil prices

According to Jin10, the U.S. Department of Energy announced on June 11 (Wednesday) that it is seeking to lend up to 40 million barrels of strategic petroleum reserves (SPR) to energy companies to help lower fuel prices. The plan is part of a prior agreement to release 172 million barrels, of which a

According to Bloomberg, CBOT soybean futures rose 0.64% to $11.3925 per bushel on Wednesday, June 10. The Bloomberg Grains Index gained 0.31% to 29.5505 points during the session.

According to Jin10 Futures, Shanghai gold futures contracts fell 3.37% and Shanghai silver contracts declined 1.08% as of 2:30 a.m. on June 11. SC crude oil futures rose 1.94% in the same session.

According to India's High Commissioner to Canada Dinesh Patnaik, India is exploring Canadian heavy crude as a potential new oil supply source amid current geopolitical tensions. Speaking at the Global Energy Show in Calgary, Patnaik highlighted that India's newly operational modern refineries are