Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran's Islamic Revolutionary Guard Corps, the military has established control over the Strait of Hormuz over the past two weeks and is now progressively reopening shipping lanes. The guard stated that it has maintained security in the waterway and is restoring transit capacity to

According to Jin10 Futures, as of July 9 this week, float glass production showed mixed results across fuel types. Petroleum coke-fired float glass posted average weekly losses of 190.33 yuan/ton, down 1.22% week-over-week. Natural gas-fired production saw average losses narrow to 173.80 yuan/ton, u

According to TankerTrackers, Iran shipped at least 10 million barrels of crude oil and fuel overnight as the country anticipated a potential U.S. resumption of maritime sanctions.

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According to market reports, Iraq and HKN Energy signed an agreement on July 9 to develop the Hamrin oil field. The project targets production capacity of 140,000 barrels per day and daily natural gas output of 40 million cubic

According to Yonhap Infomax, South Korea's government bond yields rose on July 9, with the 3-year yield climbing 3 basis points to 3.778% and the 10-year yield increasing 5 basis points to 4.250%. Morning trading was pressured by heightened Middle East geopolitical tensions, which pushed crude oil p

According to BlockBeats, U.S. stock index futures edged higher on July 9 amid escalating U.S.-Iran tensions and rising oil prices. S&P 500 futures rose 0.2%, Nasdaq-100 futures climbed 0.61%, and WTI crude oil futures gained nearly 1% following a reported U.S. strike on Iran in response to attacks n

According to BlockBeats, on July 9, a new round of U.S.-Iran military clashes broke out, blocking Trump's attempts to exit the conflict. The ceasefire agreement remains fragile amid escalating tensions over Hormuz Strait control, while oil prices continued to rise. A Reuters-Ipsos poll released on t

According to Jin10, BP Chief Executive Meg O'Neill said on July 9 that safety remains the company's foremost priority, emphasizing daily operations must be secure, reliable, and cost-effective. O'Neill outlined three key priorities: prioritizing safety, implementing clearer accountability, and

Commodity mining ETFs recorded double-digit losses over the recent 3 months as raw material prices halted their surge and profit-taking sales emerged. Gold mining ETF GDMN fell -28.46% during this period, while silver mining ETFs SLVP and SILJ declined -16.42% and -17.22% respectively. The

According to Seoul Economy, commodity mining exchange-traded funds that topped global ETF returns from late 2025 through early 2026 have posted sharp declines over the past three months. Gold mining strategy ETF GDMN fell 28.46% in the three-month period through July 7, while gold-focused GOEX

According to S&P Global Market Intelligence data, the iTraxx Europe Crossover index for euro-denominated high-yield credit default swap spreads fell 5 basis points to 246 basis points on July 9, as declining oil prices improved risk sentiment. The decline in default protection costs reflects

According to a report by Yide Futures on July 9, crude oil exports from the Hormuz Strait remain at 40-60 percent of pre-conflict levels, falling short of the normal recovery threshold of 70 percent. The supply disruption has strained global refined product supplies, with refineries in the Middle

Iran attacked three energy vessels in the Hormuz Strait on the 7th (local time), and the US immediately revoked Iranian oil sales licenses and resumed strikes on the 8th (local time). WTI crude reached $76.08 per barrel on the 8th, the highest since May 22, while Brent exceeded $80 and the US

According to its H1 2026 earnings forecast, Zhengbang Technology expects a net loss of 700–800 million yuan in the first half, compared to a profit of 200 million yuan in the same period last year. The company attributed the sharp turnaround to volatile hog market conditions, with commercial pork pr

According to BlockBeats, ExxonMobil and Chevron's Q2 net profits are projected to reach $15 billion and $9.7 billion respectively, totaling approximately $24.7 billion on July 9, each more than tripling from the previous quarter amid Middle East tensions and rising energy prices. Refining firms

According to Jin10, China's crude oil futures surged more than 8% on July 9, driven by escalating U.S.-Iran tensions and uncertainty surrounding a previously reached memorandum of understanding. Analysts warn that if the bilateral accord collapses, disruptions to shipping through the Strait of

According to customs data, Indonesia received its first Russian crude oil shipment of 770,000 barrels valued at approximately $75 million on June 29, following an agreement reached with Moscow in April. The tanker Sera arrived at the Port of Balikpapan carrying crude loaded from Russia's Kozmino