Commodities (Crude Oil & Copper) & Macro Outlook

According to Yahoo Finance, traffic through the Strait of Hormuz hit a new low on July 31, with only 5 vessels transiting the previous day, according to tracking data from Kpler. Before the conflict, the critical waterway averaged over 100 vessels daily, transporting about one-fifth of the world's o

According to Jin10, on August 2, Saudi Crown Prince Mohammed bin Salman expressed concern to U.S. President Trump about plans to strike Iranian energy targets and urged the U.S. to exercise restraint. The Crown Prince sought clarification on operational details and called for de-escalation to

According to Guru Club, former President Trump posted on Truth Social on August 2, claiming that oil exports are surging as a result of his presidency.

According to CCTV, Turkey's state oil pipeline company BOTAŞ and two Iraqi oil companies formally signed a one-year crude oil transport agreement on August 1. Under the agreement, 750,000 barrels per day will be allocated to Iraq. Turkey's energy ministry noted that the pipeline has a total design c

This week (Aug 3-7), U.S. equity markets will track two major catalysts: potential U.S.-Israel military operations against Iran and the release of monthly employment reports. According to CBS, the U.S. and Israel plan a "high-intensity" airstrike on Iranian energy facilities as early as this

South Korea's Fair Trade Commission will hold plenary meetings on the 19th, 20th, and 26th of this month to deliberate antitrust enforcement against 15 Primary Dealers accused of information exchange during government bond competitive bidding. The FTC alleges that 10 securities firms and 5 banks

According to regional mediators including Qatar and Pakistan, the United States and Iran are moving toward military escalation rather than diplomatic resolution as of August 2026. Mediation efforts have faltered amid heightened tensions following earlier strikes this year, with market assessments in

According to Jin10, on August 1, Turkey's state-owned BOTAŞ and two Iraqi oil companies signed a one-year crude oil transportation agreement. The deal allocates 750,000 barrels of daily transport capacity to Iraq through Turkey's pipeline network, which has a total designed capacity of 1.5 million b

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) suspended its approval of Nasdaq's cash-settled Bitcoin index options (QBTC) on August 1 and will reconsider the decision in response to a legal challenge from CME Group. The SEC froze the approval until August 24 while

According to security and refinery sources, the fire at the southwestern Erbil refinery in Iraq was extinguished on August 1, with production gradually resuming.

South Korean President Lee Jae-myung concluded a diplomatic tour of Brazil, Chile, and Argentina focused on securing critical mineral supply chains for artificial intelligence, semiconductor, and battery industries. National Security Advisor Wi Sung-rak stated on August 31 (local time) in Buenos

According to Yonhapinfomax, South Korea completed strategic visits to Brazil, Chile, and Argentina on July 31, signing critical mineral cooperation agreements and committing to resume trade negotiations with the MERCOSUR bloc by year-end. National Security Adviser Wi Sung-lac stated that South Korea

According to the UK Maritime Trade Operations Office (UKMTO), an LNG carrier carrying Qatari cargo was struck by projectiles while transiting the Strait of Hormuz overnight. UKMTO issued a prior warning of the attack on a vessel near Oman's coast. The agency confirmed

According to Jin10, Trump has ordered a new round of attacks on Iran aimed at forcing Tehran's surrender, with operations possibly beginning this weekend and lasting several days. Trump stated that strikes by Washington and Israel on Iran are progressing well. The new military action, combined with

According to Iran's IRNA, Iran's Supreme National Security Council Secretary Mohammad Bagher Zolghadr warned Saturday that continued U.S. naval blockade and escalation could further restrict transit through the Strait of Hormuz and lead to closure of other strategic waterways and

According to Indian Oil Corporation executives, the company is currently sourcing approximately 85% of its crude oil from the spot market, up from 50% previously, due to escalating Middle East tensions.

According to an Indian Oil Corporation executive, the company set domestic airline jet fuel prices at 115 rupees per liter for August, up 5 rupees from July's 110 rupees per liter.