Korea Economic Daily

300 million to 400 million barrels likely To curb the recent surge in crude prices, member countries of the International Energy Agency (IEA) are set to release a record amount of stockpiled oil onto the market. According to foreign media outlets inc

PRICE Inflation in charts According to the Shanghai Shipping Exchange on the 11th, the Shanghai Containerized Freight Index (SCFI) stood at 1489.19, up 11.71% from the previous week. It has rebounded sharply since hitting a low of 1251.46 on the 13th

PRICE Will snack foods and instant noodles get pricier amid the oil shock? Traded at 4,408 ringgit per tonne in Malaysia Up 10% from just before the Middle East war Driven by a sharp rise in demand for biodiesel feedstock Top producer Indonesia’s pol

Full Meeting of the National Assembly’s Finance and Economy Committee Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol said on the 11th that, regarding the oil price cap, the government will operate it in two-week increments wh

Kim Min-seung’s ₿ficial A regulation that makes everyone unhappy—who was it for? Starting on the 1st, restaurants have been allowed to admit customers accompanied by pets. The word “allowed” is attached to it. That also means that, until now, it was

Robert Kiyosaki, author of the bestseller 'Rich Dad Poor Dad', has once again urged investors to buy silver, predicting the start of a major financial market meltdown. In a post on X on the 10th, Kiyosaki said, "In my 2013 book 'Rich Dad's Prophecy',

KOSDAQ extends gains for a second day KRW/USD edges higher The KOSPI opened up more than 2% as it digested President Donald Trump’s remarks on the war with Iran. As of 9:07 a.m. on the 11th, the KOSPI was up 50.68 points, or 2.72%, from the previous

Energy Secretary Wright: “Tanker escort through the Strait of Hormuz” Deleted after social media post Oil prices briefly down nearly 20% Conflicting remarks from Donald Trump’s administration regarding the war with Iran are amplifying volatility in g

On the 11th, expectations are growing that the Korean stock market may extend its rebound. Overnight, Wall Street closed mixed after a bout of sharp intraday volatility amid conflicting remarks over Middle East developments, but semiconductor and art

GOP Sen. Thom Tillis "Until the criminal probe into Fed Chair Jerome Powell is wrapped up, I won’t support confirming any Fed governor" Republican Sen. Thom Tillis said he would continue to block the confirmation process for Kevin Warsh, President Do

Elon Musk, who leads Tesla and SpaceX, has been named the world’s richest person for the second consecutive year. Forbes, a U.S. business magazine, on the 10th (local time) released its 40th annual World’s Billionaires list and ranked Musk, CEO, No.

U.S. Energy Secretary Chris Wright on the 10th (local time) posted on social media that the U.S. Navy had successfully escorted oil tankers transiting the Strait of Hormuz—where Iran’s blockade has driven a sharp spike in global crude prices—before d

Iranian President Masoud Pezeshkian held a phone call with Russian President Vladimir Putin to discuss ways to bring the Middle East conflict to an end. According to Iran’s presidential office, the two leaders exchanged views during the call on the 1

U.S. stocks ended mixed as uncertainty over the Iran war persisted. On the 10th (local U.S. time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 47,706.51, down 34.29 points (0.07%) from the previous session. The S

◆New York stocks close mixed amid Hormuz jitters With the Iran war stretching beyond 10 days and conflicting signals emerging over crude supply, the three major indexes on Wall Street ended mixed. In early trading today in New York, the Dow Jones Ind

"Gulf states may single out 'low oil prices' as the cause of the US-Iran war" Renewables, secondary batteries and shipbuilding seen as beneficiaries of a prolonged high-price environment As volatility in global oil prices has widened in the wake of t

Bitcoin up 7% since March, gold down 2% Gold: inflation and high-rate fears overwhelm safe-haven demand Bitcoin: short squeeze and deleveraging set the stage for a rebound Bitcoin climbed above $71,000 on the 10th (local time), rising more than gold—

"Global oil inventories at a five-year low" Aramco increases westbound Red Sea loadings instead of the Gulf Saudi Aramco of Saudi Arabia, the world’s largest oil exporter, said on the 10th (local time) that if the war with Iran continues to disrupt m

Despite U.S. President Donald Trump’s remarks suggesting the war is nearing an end, Iran signaled its determination to keep up its offensive. In a statement on the 9th (local time), Iran’s Islamic Revolutionary Guard Corps (IRGC) said, “We are the on

Drawing a line against a prolonged war Oil plunges into the $90s in a single day Leaves room for more strikes, saying “not enough” “If they block oil flows, the blow will be far harsher” As U.S. President Donald Trump on the 9th (local time) showed h

After U.S. President Donald Trump said the war with Iran was "well ahead of the initially expected timeline (4–5 weeks)" and described it as entering its "final phase," Bitcoin rebounded above $70,000 for the first time in four days. According to Blo

"Hit 20 times harder"…vows to curb any renewed rise in oil prices U.S. President Donald Trump warned on the 9th (local time) that if Iran takes steps to block the passage of oil tankers through the Strait of Hormuz, he will leave the country in a sta

[Breaking] KOSPI triggers buy-side sidecar on sharp rebound Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

All three major U.S. stock indexes in New York close higher Oil pulls back into the $80s after G7 news on releasing strategic reserves Trump: “The war is winding down…progress is ahead of expectations” All three major U.S. stock indexes in New York c

◆ Wall Street surges on hopes of an end to the war…Nasdaq up 1.3% All three major U.S. stock indexes closed higher. On the 9th local time, the Dow Jones Industrial Average rose 0.5% from the previous session to 47,740.80, the S&P 500 gained 0.83% to

“Geopolitical shocks tend to be short-lived in financial markets” “Rate hikes by the Fed cannot be ruled out” If rates rise as in the 1970s it could lead to a recession As international oil prices surged on U.S. and Israeli strikes against Iran—shaki

U.S. President Donald Trump said of the war against Iran that he believes it is “in its final phase.” In a phone interview with CBS News on the 9th (local time), Trump said, “They (Iran’s military) have no navy, no communications, and no air force,”

Brokerage firms: "If the Middle East crisis drags on, global crude could reach $150 a barrel" Global oil prices are surging amid the war between the United States and Iran, weighing on equities. With signs the conflict could become protracted, broker

G7 talks on releasing emergency reserves curb gains Prolonged surge raises risk of stagflation After Israel launched indiscriminate air strikes on 30 Iranian oil storage sites on the 8th local time, global oil prices rose above $100 a barrel on the 9

US allies targeted…Iran launches ‘indirect attacks’ As striking the US mainland is not realistic Repeated attacks on civilian infrastructure in Saudi Arabia, etc. Airstrikes even at the cost of blowback at home Tightening blockade of the Strait of Ho