Commodities (Crude Oil & Copper) & Macro Outlook

US President Donald Trump shared a photograph on July 8 showing an Israeli strike on an Iranian oil depot from June 15, 2025, falsely claiming it depicted a recent US military attack on Iran. Trump posted the image on Truth Social, writing it was "in retribution for yesterday's bombing of ships by I

According to a post on Truth Social on July 8, US President Donald Trump shared a photograph of an Israeli strike on an Iranian oil depot from June 2025, claiming it depicted a recent US military attack on Iran. The image showed fire and smoke from

Bank of Korea Governor Shin Hyun-song is scheduled to testify at the National Assembly Finance Committee on this date as the central bank's blackout period begins. The Seoul bond market is closely watching for any policy signals despite communication restrictions ahead of next week's rate

South Korean bond market participants focused on Bank of Korea Governor Shin Hyun-song's remarks during the parliamentary Finance and Economy Committee report on this day. The silent period begins on this day, limiting the likelihood of significant monetary policy information. International oil

Hyundai Glovis is forecast to report a temporary profitability decline in Q2 2026, with operating profit expected to fall 9.85% year-over-year to 485.8 billion won despite revenue growth of 7.21% to 8.0578 trillion won. The profit contraction stems from concentrated oil price burden during the

According to Jin10 Futures, on July 9, Iran vowed a large-scale strike on U.S. military bases. The statement sent international oil prices to higher levels amid heightened geopolitical tensions.

According to Jin10 Futures, Brent crude oil surged 5.2% to its highest level since June 19 on Thursday morning (July 9), driven by U.S. President Trump's threats of fresh strikes on Iran, which sparked concerns over potential disruptions to Strait of Hormuz shipping. Chicago soybean oil futures

According to Jin10 Futures, international crude oil prices surged on July 9 amid market concerns over a potential new blockade of the Strait of Hormuz, with strong cost support and multiple maintenance outages at PX facilities driving tight spot

According to Colombia's National Hydrocarbons Agency (ANH), the country's commercial natural gas production declined 10.4% year-over-year in May, falling to 717 million cubic feet per day.

According to Colombia's National Hydrocarbon Agency (ANH), the country's oil production declined 2.8% year-on-year in May, averaging 728,835 barrels per day.

According to CNN, oil tanker traffic in the Strait of Hormuz has 'essentially stopped' on July 8 as the outlook for a U.S.-Iran 60-day ceasefire agreement remains uncertain.

According to Jin10 Futures, CBOT soybean futures closed down 0.8% on Wednesday, July 9, retreating from a one-month high reached the previous day. The decline primarily reflects easing weather concerns in the U.S. Midwest, as updated forecasts showed reduced weather threats to the region, causing th

According to Seoul Bond Market, South Korea's government bond futures fell overnight on July 9 amid a surge in international oil prices. The 3-year government bond futures contract declined 17 basis points to 102.95, while the 10-year contract dropped 35 basis points to 105.56. Foreign investors

SK Securities maintained a 'buy' rating on Lotte Energy Materials (020150) on July 9 while lowering the target price from 90,000 won to 60,000 won. Analyst Park Hyung-woo cited expectations that 2027 copper foil supply shortages will benefit the company's AI substrate circuit board business

According to NATO summit statements and reports compiled by Jin10, NATO member states committed to providing €70 billion in support for Ukraine in 2026 on July 8-9. Meanwhile, Ukraine's drone forces struck nine Russian "shadow fleet" oil tankers in the Sea of Azov overnight, with two vessels

According to Wenhua Finance data, Shanghai Containerized Freight Index (Europe route) futures main contract retreated sharply from a June 11 intraday peak of 4096 points to a July 7 low of 2412 points, with cumulative losses exceeding 40 percent over the

US tech stocks rebounded on May 8 (local time), with the Nasdaq rising 0.20% to 25,870.65 as semiconductor and AI infrastructure stocks attracted bargain hunting following recent declines. The recovery followed President Trump's statement that 'war will not restart' regarding US-Iran tensions,

According to Korean Economic TV, geopolitical risks have resurfaced recently as Trump signals a potential end to ceasefire agreements. International crude oil prices surged 6% on these developments, while U.S. equity markets showed mixed performance. The Dow Jones Index declined 1% amid

According to market data, overnight on July 7, U.S. equity markets showed mixed performance, with the energy and technology sectors both gaining ground amid geopolitical tensions and major AI infrastructure investments. The energy sector rose 1.45% and the technology sector climbed 1.44%, the only t

The US dollar weakened slightly on the 8th afternoon as President Donald Trump stated he does not want a prolonged conflict with Iran, causing international oil prices to moderate their earlier surge. At 4pm ET on the 8th, the dollar index (DXY) fell 0.083% to 100.972, reversing from an intraday