Commodities (Crude Oil & Copper) & Macro Outlook

Gate News message, a Hyperliquid whale is betting nearly $58M against global markets. The portfolio is 93.2% net short, with the largest positions in approximately $13.31M $XYZ100 short, $11.32M $USOIL short, $10.03M $UKOIL short, $3.77M $SP500 short, and $3.68M $NGAS short.

According to the UAE Defense Ministry, two Emirati oil tankers were struck by two Iranian cruise missiles in the southern Strait of Hormuz today. The attack occurred within Omani territorial waters.

According to the UAE Defense Ministry, one Indian crew member was killed and eight others were injured in attacks on two oil tankers in the region on July 13. The fires aboard both vessels have been brought under control. The ministry stated it reserves the right to make a comprehensive response to

According to the UK Maritime Trade Operations Office, a tanker was attacked approximately 40 nautical miles northeast of Al-Khatt, Oman, on July 14. The vessel's engine room starboard side was struck by unidentified projectiles. All

According to Bloomberg, President Trump on July 13 proposed a 20% compensation fee on cargo transported through the Strait of Hormuz. For a fully loaded supertanker carrying approximately 2 million barrels of crude oil at current prices around $80 per barrel, this would amount to roughly $30 million

According to RBNZ Chief Economist Conway, geopolitical tensions from the Middle East conflict are complicating monetary policy decisions. Conway flagged upside risks to inflation expectations for the third

According to reports on July 13, the U.S. announced a resumption of its blockade on Iranian vessels in the Strait of Hormuz, triggering a sharp rally in international oil prices. WTI crude oil surged over 9%, reaching $78 per

Korean energy, shipping, and renewable energy stocks rose on the 14th as Middle East war tensions escalated, with STX Green Logistics surging 29.99% and SK Innovation climbing 7.09%. The rally followed Iran Revolutionary Guard's announcement on the 12th (local time) that it would re-blockade the

According to Hankyung, Iran's Islamic Revolutionary Guard announced on July 12 it would re-close the Strait of Hormuz in response to a U.S. airstrike, causing global crude oil prices to surge. WTI crude futures jumped over 4% to the mid-$70s per barrel on July 14. South Korean energy and shipping s

According to the U.S. Department of Energy, 8.5 million barrels of crude oil passed through the Strait of Hormuz on Sunday (July 12) with U.S. military support, despite weekend clashes with Iran. The department's spokesperson stated that U.S. forces will ensure continuous oil transportation

International gold prices dropped over 2% on the afternoon of July 13 US Eastern Time, with August delivery gold futures falling $111.80 (2.72%) to $4,001.90 per troy ounce on the COMEX exchange as of 2:23 PM. The decline was triggered by the US military's announcement of a full reinstatement of

On Monday, July 7, South Korea's Kospi index plunged nearly 9% after SK Hynix shares crashed and triggered a market-wide trading halt. The sell-off was driven by a wave of artificial intelligence stock liquidation across the region. MSCI's Emerging Markets index fell 2.4%, closing at its lowest

On July 13, broad US ETF classes declined sharply. Emerging markets ETF fell 3.59%, gold ETF dropped 2.62%, and Nasdaq-100 ETF declined 1.90%. Barclays US convertible bond ETF fell 1.31%, Russell 2000 index ETF and S&P 500 ETF each fell at least 0.77%, while 20+ year US Treasury ETF declined 0.59%.

The U.S. Central Command announced Monday that U.S. forces will enforce a maritime blockade on vessels entering or leaving Iranian ports starting July 14 at 4 p.m. ET. President Donald Trump stated the Strait of Hormuz will remain open for all nations except Iran, escalating pressure on Tehran

According to Mohamed El-Erian, Chief Economic Advisor at Allianz, crude oil prices remained below $80 per barrel on Monday despite escalating U.S.-Iran tensions over the weekend. During a CNBC interview, El-Erian explained that markets deeply believe the ongoing skirmishes between the two nations

According to BNY Mellon strategist Geoff Yu, oil prices surged 8.76% on Monday (July 7) following a rapid escalation in U.S.-Iran military tensions, with both sides exchanging missiles and drones. The spike was triggered by U.S. President Donald Trump's announcement to resume sanctions on Iran. Geo

According to Yonhapinfomax, the U.S. dollar strengthened against the Korean won overnight on July 13-14 (Korean time) to 1,496.70 won, down 4.70 won from Seoul's daytime close at 1,501.40 won on July 13. The rally was driven by two major developments: President Donald Trump announced renewed

U.S. natural gas futures fell to a seven-week low last week, driven by increased production in the Permian Basin and reduced flows to liquefied natural gas export terminals. Permian Basin daily output exceeded 23 billion cubic feet in late June, the highest level since early May, while LNG terminal

According to workers at the facility, Venezuela's smallest refinery, El Palito, restarted its fluid catalytic cracking (FCC) unit on Monday. The 146,000-barrel-per-day facility's FCC unit is essential for producing vehicle fuel. The restart follows a power outage caused by earthquakes in late June t

According to Bloomberg commodity indices, on Monday (July 13), CBOT wheat futures declined 0.75% during New York afternoon trading, while soybean oil futures rallied 3.13% to lead grains higher. The Bloomberg Grain Index fell 0.13% to 30.8578 points after trading higher earlier in the session. New