Commodities (Crude Oil & Copper) & Macro Outlook

According to the Ukrainian Security Service, Ukraine struck Russia's Filanovsky oil platform and two cargo vessels in the Caspian Sea on July 25, according to a report from Jin10.

Korean refinery stocks surged this month as US-Iran military tensions drove Brent crude above $100 per barrel on the 23rd (local time), while airline stocks declined sharply. S-Oil rose 42.11% this month and closed 0.93% higher at 151,200 won on the 24th, as KOSPI fell 5.72%. The divergence stems

Brent crude futures surged past the $100-per-barrel threshold on July 25, marking the first time since May 22 as escalating military tensions between the U.S. and Iran raised concerns over Middle East supply disruptions. South Korean refiner stocks capitalized on rising crude prices and expanding re

According to Jin10, German industry groups including the German Chamber of Commerce and Industry and the German Wholesale and Foreign Trade Association criticized U.S. tariff measures on July 24 for increasing business uncertainty. Trade official Volker Treier stated that frequent policy shifts

According to Houthi spokesman Muhammad Abdulsalam, the organization's maritime blockade against Saudi Arabia is the first step of a broader action plan, according to reporting by Al Jazeera on July 25. Abdulsalam accused Saudi Arabia of turning to military and economic measures after failing in

According to BlockBeats, as of July 25, Trump's administration has grown frustrated with the Iran conflict, which has now entered its fifth month with no clear resolution in sight. The military operations, originally expected to last weeks, have continued uninterrupted for 13 consecutive days,

According to Greek security officials, on Saturday, an air defense system operated by Greek military personnel in Saudi Arabia intercepted two ballistic missiles fired from Yemen. The missiles were targeting an oil refinery in

According to Iran's Press TV, Yemen's forces attacked a Saudi oil refinery, triggering widespread fuel queuing at gas stations across Saudi Arabia. The incident led to large-scale fuel shortages, prompting consumers to queue for fuel across multiple locations in the

According to BlockBeats, on July 25, crude oil prices approached the $100/barrel psychological threshold amid escalating tensions in the Middle East. The U.S. Strategic Petroleum Reserve (SPR) has declined to 311 million barrels—the lowest level since 1983—limiting policy options available to the

According to Guru Club, New York crude oil fell below $90 on July 25, declining more than 2% intraday.

According to Guru Club, U.S. natural gas futures broke below $2.9 on July 25, declining 1.1% during the day.

US stocks ended mixed on Friday, with the S&P 500 rising 0.1% while the Nasdaq 100 fell 1.2% and the Dow Jones Industrial Average gained 0.5%. The session marked the second consecutive weekly decline for major indices as investors assessed big-tech earnings amid heightened geopolitical

U.S. stock indices ended mixed on Friday, concluding their second consecutive week lower as investors assessed big-tech earnings amid elevated oil prices and geopolitical tensions. The S&P 500 rose 0.1% to 7,411.98, while the Nasdaq 100 fell 1.2% to 28,128.34, and the Dow Jones Industrial Average

Kyobo Securities warned that international oil prices could surge to $160 per barrel within the third quarter if geopolitical blockades of key shipping routes persist. According to the securities firm's report on the 25th, escalating hostilities between the United States and Iran this month have

According to Kyobo Securities, on July 25, escalating U.S.-Iran tensions have put both the Strait of Hormuz and Red Sea shipping routes at risk of closure, as a ceasefire agreement (MOU) remains unimplemented. The brokerage warned that prolonged geopolitical blockades could push oil prices to as

Bitcoin and Ethereum paused their July rebound as Middle East tensions reignited and uncertainty mounted over the US Clarity Act's passage in early August. Bitcoin, which hit its lowest point of the year at 88 million won on the 1st of last month, climbed over 10% to the 97 million won range by the

South Korean President Lee met with executives from Anthropic, OpenAI, NVIDIA, and Broadcom on May 24 (local time) in San Francisco to discuss potential semiconductor and AI data center contracts, according to Policy Chief Kim Yong-beom's briefing on May 22. Kim stated that announcements could

According to South Korea Investment Securities analyst Jeong Hyun-jong on July 25, Brent crude oil has broken through the $100 per barrel mark amid escalating risks in both the Strait of Hormuz and the Red Sea corridor. The Strait of Hormuz handles 25-30% of global seaborne oil transport, with 21 mi

According to the Korea Exchange, inverse WTI crude oil ETNs listed on domestic markets dropped as much as 83.64% from January 2 through July 23, 2026, as Brent crude surged to $100.69 per barrel on July 23. WTI crude reached $92.28 per barrel. The Meritz Inverse 2X WTI Crude Futures ETN recorded the

According to Korea Exchange, crude oil inverse exchange-traded products plummeted 83% on July 24 as international oil prices surged due to escalating US-Iran military tensions and ongoing Houthi blockades in the Red Sea. Investors holding bearish crude oil positions suffered significant losses