Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran's FARS news agency, explosions were reported near Kharg Island on September 5, with the cause remaining unclear.

According to China Taiyuan Coal Trading Center Index (released September 6), tight onsite supply pushed prices of thermal coal, coking coal, and anthracite sharply higher. Thermal coal led gains as port inflows fell below outflows, drawing down inventory levels. While some previously halted mines re

According to iM Securities, on September 6, global government bond yields hit multidecade highs, with U.S. 10-year and 30-year Treasury yields reaching 4.8% and 5.3% respectively. Japan's 10-year yield surpassed 3.0%, marking the highest level since 1996, while major economies including the U.K. and

According to Bloomberg, PIMCO's flagship balanced fund is reducing exposure to U.S. mega-cap technology stocks and shifting allocation toward Asian AI equipment suppliers, Chinese financial stocks, and healthcare holdings. Fund manager Emmanuel Sharef cited elevated valuations and surging AI

US natural gas futures prices are expected to rebound starting next year as El Niño effects subside around year-end, according to Daishin Securities. Despite entering the seasonal heating demand period with October contracts, Henry Hub natural gas futures remain weak due to El Niño-driven

According to Daishin Securities, U.S. natural gas futures prices are expected to rebound starting next year as El Niño effects dissipate by year-end. The current weakness in Henry Hub natural gas prices, despite seasonal

According to Cathie Wood on X this week, Bitcoin is decoupling from gold while companies embracing AI are accelerating job creation, signaling stronger real economic growth and a powerful deflationary cycle driven by technological progress. The market is still pricing according to the "old

According to AFP and Reuters, the Iranian Islamic Revolutionary Guard Corps (IRGC) Navy announced on September 5 that it attacked three oil tankers transiting unauthorized routes in the Strait of Hormuz and three U.S.-linked vessels in other waters. The IRGC characterized the strikes as

South Korea's KOSPI index fell 1.5% over the past week to 6687.21 as of Sept. 4, with the KOSDAQ sliding 2.97%, amid mounting geopolitical tensions and expectations for U.S. inflation data. West Texas Intermediate crude oil surged past $90 a barrel following escalating military tensions between the

According to Richard Branson, Virgin Group's founder said on September 4 that the conflict with Iran is completely unnecessary and will only push up oil prices, increasing costs for airlines and consumers while driving inflation. Branson made the comments during an interview in the UK following

According to TankerTrackers, oil exports from multiple Middle East countries dropped sharply in August following the outbreak of the U.S.-Iran conflict. Iraq's crude exports fell 36% compared to pre-conflict levels, while Iran saw a steeper decline of 100%. Qatar and Saudi Arabia followed closely wi

According to TankerTrackers, Iraq's crude oil exports fell 36% in August compared with pre-conflict levels, making it one of the Middle East's most impacted oil producers. Iran saw the steepest decline at 100%, followed by Qatar and Saudi Arabia at 48% each. Kuwait's exports also dropped 36% in Aug

For the week ending September 5, U.S. stocks showed mixed results with significant sector rotation toward semiconductors and artificial intelligence. The Nasdaq Composite surged 4% for the week, while the S&P 500 rose 0.1% and the Dow Jones Industrial Average fell 0.3%. Semiconductor stocks

According to Iran's state media, an Iranian oil tanker near Khark Island was struck by a missile strike on September 6, with no casualties reported. The U.S. Central Command claimed it sank three Iranian Revolutionary Guard vessels. In response, Iran's Revolutionary Guard stated it had targeted thre

According to U.S. sources, the Kailo oil tanker sank in the Gulf of Oman today (September 6).

According to CCTV News, on September 5, U.S. military strikes hit 3 Iranian oil tankers. In response, Iranian forces attacked multiple oil tankers and U.S. vessels in the region, warning ships in the Persian Gulf to avoid illegal navigation routes amid ongoing Strait of Hormuz

According to Guru Club, Iraq's Oil Minister stated yesterday (Sept 5) that the country has raised its daily crude oil export capacity to over 3 million barrels.

According to Guru Club, a Brazilian court on September 6 suspended all environmental permits for Sigma Lithium's operating subsidiary Sigma Mining and ordered the halt of mining operations at its Grota do Cirilo lithium project. Located in the 'Brazilian Lithium Valley' region, the deposit is one of

According to GasBuddy, U.S. average diesel retail prices reached a historic high of $5.848 per gallon on September 3, surpassing the previous record of $5.819 set on June 17, 2022. The latest figures represent a significant increase from $3.7 per gallon a year

Korean securities firms projected the KOSPI Stocks index to trade between 6200 and 7300 this week amid escalating US-Iran tensions and rising interest rates. The KOSPI closed at 6687.21 on September 4, up 107.73 points or 1.64% from the previous session. The projections reflect heightened macro