Commodities (Crude Oil & Copper) & Macro Outlook

According to Iraq's State Organization for Marketing of Oil (SOMO), the country set its official selling price (OSP) for October Basrah medium crude oil exports to Asia at a premium of $0.00 per barrel relative to the Oman/Dubai reference price.

According to Ukrainian military, Ukrainian forces struck the Taneco oil refinery in Russia's Tatarstan region on September 13. The refinery is a key energy infrastructure facility for the Russian oil sector.

According to the British Maritime Trade Association, local authorities are evacuating crew members from vessels attacked in the Strait of Hormuz on September 13.

According to the Ukrainian military, Ukrainian forces struck an oil refinery in Russia's Krasnodar region on September 13.

According to AFP and Yemen's official SABA news agency, Yemen's Houthi forces seized multiple strategic positions in the Red Sea on September 10-11, including the port city of Mocha and Perim Island, which controls the Bab el-Mandeb Strait. Government forces backed by Saudi Arabia responded with

According to Yemen's authorities, 73 vessels transited the Strait of Mandeb over the past 48 hours on September 12, representing 98.6% of daily traffic levels prior to the blockade imposed on July 20. The authorities stated that apart from Saudi vessels, international shipping through the strait

According to Bank of America analysis, U.S. diesel prices surged past $6 per gallon on Friday, marking a record high, with gains exceeding 55% since the U.S.-Iran conflict disrupted global oil supply. This far outpaced gasoline's 40% increase over the same period, according to American Automobile

According to Yonhapinfomax, Seoul's bond market is expected to weaken this week (September 14-18) amid Middle East tensions and rising global oil prices. Last week, 3-year sovereign bond yields surged 9.3 basis points to 4.020%, while 10-year yields climbed 8.7 basis points to 4.542%, steepening

Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated on September 13 that an active fiscal role is necessary to address external uncertainties and structural problems in Korea's economy. The statement came as part of materials submitted by the Ministry of Econo

According to South Korean Finance Ministry documents submitted to parliament on September 13, Deputy Prime Minister Lee Hyung-il said active fiscal measures are needed to address external uncertainties and structural economic challenges. Lee, a candidate for finance minister, stated that while

According to recent reports, Saudi Arabia's East-West Pipeline was attacked in recent weeks, forcing the suspension of operations and highlighting a critical vulnerability: alternative routes designed to bypass the Strait of Hormuz remain exposed to military threats. The 1,200-kilometer pipeline, c

According to Baltic Exchange data, very large crude carrier (VLCC) rates on the Oman Gulf-to-China route surged to approximately 450 on the Worldscale benchmark this week, equivalent to 4.5 times normal rates, or about $11.50 per barrel in shipping costs—a record high for the route. The spike

According to Guru Club, California's diesel prices surged to historic levels on September 12, with statewide average prices breaking through $8 per gallon, and one San Diego gas station marking prices at $9.99 per gallon. Fuel supply shortages, declining refinery capacity, limited pipeline

According to Trump's statement on September 12 during a bilateral meeting with Ireland's Prime Minister, the war with Iran will end quickly after the midterm elections, and oil prices will subsequently

According to the American Automobile Association, U.S. diesel prices reached a new historical high of $6.05 per gallon on September 11, up from $5.85 per gallon recorded on September 4, as geopolitical tensions between the United States and Iran disrupted global fuel supplies. Paul Mitchell, a

According to Jin10 Data, U.S. diesel prices hit a record high of $6.05 per gallon as of September 11, driven by U.S.-Iran tensions disrupting global fuel supplies. The price previously surged to $5.85 per gallon on September 4, marking the first time the benchmark exceeded that threshold,

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