Commodities (Crude Oil & Copper) & Macro Outlook

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

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.