Commodities (Crude Oil & Copper) & Macro Outlook

Iran faces a structural natural gas shortage of 200 to 300 million cubic meters per day during peak demand periods despite holding the world's second-largest gas reserves. The deficit stems from production and transportation infrastructure failing to keep pace with domestic consumption, with

According to Guru Club, Brent crude oil broke through $90 per barrel on August 11, rising 2.61% intraday.

India is reviewing a 42 billion USD funding plan to expand its strategic petroleum reserves through a levy system on gas consumers. The proposal under consideration would collect approximately 1.5 billion USD annually from LPG and LNG levies. The expansion responds to supply vulnerabilities

US stocks extended their rally on August 5 23:02 KST, with the Dow Jones crossing 54,718 for the fourth day of record highs. The S&P 500 gained over 6% in the recent week. The advance was driven by expectations of progress in Hormuz Strait reopening negotiations and a strong corporate earnings

Brent crude oil traded near $80 per barrel after declining 12% over the previous two trading days, as a Houthi military spokesman warned of expanded attacks on Saudi vessels in the northern Red Sea. The Red Sea serves as a major export route for Saudi crude oil. Separately, Washington, Tehran, and

Brent oil traded near $80 per barrel after declining 12% over the previous two trading days, as dual shipping route risks overlapped. A Houthi military spokesman warned of expanded attacks on Saudi vessels in the northern Red Sea, a major export route for Saudi crude oil. Washington, Tehran, and

In July, the U.S. ISM Services Index rose to 54.1, with business activity reaching a 5-month high driven by new orders, according to ISM data. However, employment declined at its steepest pace since March. The prices paid index surged to 70.3, attributed to elevated oil and gasoline prices. This

The US Treasury has removed Iran-related sanctions items from its official website, marking a concrete policy action following prolonged negotiation discussions. According to AP, a draft agreement between Iran and Oman currently awaits approval from Iran's Supreme Leader. This development

The Israeli military conducted airstrikes in southern Lebanon, citing what it described as a blatant violation of the ceasefire agreement by Hezbollah. The military action comes as negotiations involving Iran are underway. Hezbollah is an armed organization linked to Iran, and the strikes occurred a

According to Aramco CEO, India is considering raising $42 billion to expand its strategic petroleum reserves, with annual funding of approximately $1.5 billion generated through levies on liquefied petroleum gas (LPG) and liquefied natural gas (LNG) consumers. The move comes as Hormuz Strait

US stock indices opened mixed on August 11, with the S&P 500 up 0.2% and Nasdaq 100 down 0.2% in pre-market trading. Oil prices climbed after Trump signaled potential talks with Iran over the Strait of Hormuz, offset by Houthi threats to Red Sea shipping. Brent crude rose 1.1% to $80 per barrel,

According to market commentary, S&P 500 futures rose 0.4% with the potential for two consecutive trading days of record closes, driven by robust corporate earnings performance and sustained investor focus on AI infrastructure investment. Approximately 87% of S&P 500 companies beat earnings

US military operations near the Strait of Hormuz face resource constraints as Iran and Oman negotiate control frameworks for the waterway's reopening. Reuters reported that the US Army has effectively depleted long-range ATACMS and PrSM missile stockpiles in the Iran conflict, while Patriot,

US mortgage applications declined 2.9% for the week ending July 31 as the 30-year average mortgage rate climbed to 6.81%, its highest level in over a year. Rising interest rates suppressed demand, with the purchase index falling 3.6% and the refinance index dropping 1.9%. The mortgage rate

Trump stated Tuesday that negotiations with Iran occurred 'all day' and were 'very good,' marking the first official acknowledgment of active talks. The statement contradicts earlier reports from US officials who told CBS no new meetings were planned, and Iran's position that it was not

US factory activity reached its highest level in over four years with new orders expanding for seven consecutive months, according to statements highlighting manufacturing momentum. Goods exports surpassed $200 billion for five consecutive months with annual projections reaching approximately $2.5 t

The Trump administration is preparing to impose price floors and tariffs on polysilicon and derivative product imports, according to sources. Polysilicon serves as the foundational material for both semiconductor wafers and solar panels. The measures aim to block low-cost imports through a dual

President Trump recently claimed the US is experiencing a manufacturing boom as stock indices reached record highs, with the S&P500 opening at an all-time high and adding $255 billion in market capitalization while the Dow Jones rose 690 points to a record close. The rally was driven by

According to sources, the Trump administration is preparing to implement price floors and tariffs on polysilicon and related products imports. Polysilicon is a foundational material for semiconductor wafers and solar panels. The measure extends beyond tariffs alone to include minimum import price co

US Treasury Secretary Bessent attributed Japan's rising inflation to yen weakness and elevated energy prices driven by the Iran situation. The Bank of Japan forecasts inflation reaching 2.5% this year while maintaining its policy rate at 1.00%, a decision supported by an 8-1 vote at the July