Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Dailian, South Korea's KOSPI index closed at 6687.21 on Friday (Sept 4), up 1.64% from the previous session. Domestic brokerages project this week's trading range at 6200-7300, citing rising macro uncertainties. U.S. 10-year Treasury yields reached 4.8%, their highest level since

According to the Iranian Revolutionary Guards Navy statement on September 5 evening, the force struck three oil tankers and three vessels linked to the United States in the Strait of Hormuz, claiming the U.S. military had attacked Iranian tankers. The Guards Navy issued a warning that all ships in t

According to Iran's Foreign Ministry, on Saturday, the ministry condemned U.S. attacks on Iranian oil tankers in the Persian Gulf and Gulf of Oman. Iran stated the attacks violate the UN Charter and constitute a clear threat to international peace and maritime commerce. The Foreign Ministry warned t

Norwegian gas transport operator Gassco reported an unplanned shutdown at the Åsgard gas field on September 5-6, reducing daily production by 6.7 million cubic meters.

According to U.S. Central Command statement on September 5, Iran's Islamic Revolutionary Guard Corps (IRGC) fired ballistic missiles at two American naval vessels operating in the region. In response, the U.S. military struck three Iranian oil tankers: the Dowani near Iran's Kharg Island, the

According to Guru Club, Russian President Vladimir Putin attended the inauguration ceremony of Rosneft's flagship Vostok Oil project on September 5. Putin announced the marine terminal's first phase has an annual production capacity of 30 million

Over the weekend, tensions escalated in the Middle East following an attack on an oil tanker near Hark Island. France completed its domestic gold reserve repatriation initiative. South Korea reported first-half exports hit a record high, while China's August logistics demand maintained expansion

According to U.S. Central Command, the U.S. military attacked three Iranian oil tankers on September 5.

According to Tankertrackers, the Iranian VLCC 'DOWNY' operated by the National Iranian Tanker Company sustained damage to the engine room today (Sept 5, around 12:45 PM Beijing time). Satellite imagery showed the vessel in ballast condition with no oil cargo, and multiple tugboats were active around

According to Guru Club, Brent crude oil broke through $95 per barrel on September 5, up 0.8% intraday.

Hyundai Steel and POSCO held a groundbreaking ceremony in Louisiana for a joint steel mill construction project. The facility will specialize in automotive steel plates with an annual production capacity of 2.7 million tons, requiring a total investment of $5.8 billion (8 trillion KRW) with mass pro

A Jefferies-linked private credit fund, LAM Trade Finance Group II, secured a worldwide freezing order from London's High Court targeting $499 million in assets connected to iron ore trader Radiant World. The order names Radiant World's founder Pinkesh Nahar, affiliated entity Sapphire Minmetals, an

According to Daqing Oilfield, cumulative natural gas production from the Maokouzu layer in the Sichuan-Chongqing exploration area reached 1.001 billion cubic meters as of August 31, 2026, marking the first time the layer has surpassed the 1 billion cubic meter milestone. The breakthrough signals a s

US intelligence agencies assessed that Iran has gained military confidence during a six-month armed conflict with the United States and is resolved to prolong the war until the November US midterm elections, according to a recent intelligence report cited by The New York Times on the 4th local

According to The New York Times, citing a U.S. intelligence report dated September 4, Iran has decided to prolong its six-month armed conflict with the United States through November's midterm elections. The report assesses that Iran has gained military confidence and views control

According to Iran's SNN news agency, an Iranian oil tanker positioned near Halul Island was struck by missiles on September 5, with no casualties reported so far. The incident comes after earlier reports of explosions in the vicinity, though no smoke or fire was observed over the Persian Gulf

According to Kyodo News, on September 4, Japan's Minister of Economy, Trade and Industry Akasawa Ryosei reaffirmed with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer that Japan will proceed with its commitment to invest $550 billion in U.S. strategic sectors

South Korea's Ministry of Trade, Industry and Energy announced that the country's cumulative exports reached $709.4 billion as of 13:00 on September 5, surpassing the previous annual record of $709.3 billion set in 2025. The milestone was driven by a semiconductor export boom, with shipments

South Korea's exports reached $709.4 billion from January to September 2026, marking a historic record, according to official trade statistics. The figure surpasses all previous annual export records for the