Samsung S&P GSCI Crude Oil ER (03175)
- 11.450
- +0.030+0.26%
Samsung S&P GSCI Crude Oil ER (03175) News
Escalating US-Iran tensions: Iran claims US missiles struck oil tankers near Kharg Island and warns of attacks on tankers in Kuwaiti and Bahraini ports
Following reports of attacks on Iranian oil tankers, the intraday gain in U.S. crude oil prices widened again to over 2%. The Iranian military warned that tankers docked at ports in Kuwait and Bahrain would become targets of attacks and urged crew members to evacuate immediately. Kharg Island is Iran's primary oil export hub, through which approximately 90% of Iran's crude oil exports previously passed. Earlier on Tuesday, the Iranian military stated that it had captured an advanced U.S. unmanned submarine.
Express News | Iran: "Significant Progress" Made on Strait of Hormuz Shipping Route
The foreign ministers of Iran and Japan held a telephone conversation to discuss issues concerning the Strait of Hormuz. The Iranian Foreign Minister stated that "significant progress" had been made regarding navigation in the Strait of Hormuz, and that the U.S. commitment to return to the Islamabad Memorandum of Understanding would pave the way for the restoration of normal conditions.
International oil prices rise! Houthis launch "retaliatory strikes" against Saudi Arabia; multinational coalition vows counterattack
Tensions in the Middle East have escalated once again, posing a severe threat to the security of Saudi Arabia's energy supply. On September 8, Yemen's Houthi rebels launched attacks on multiple cities in southern Saudi Arabia, igniting fires at several energy facilities and forcing partial operational suspensions, which subsequently drove international oil prices sharply higher, with Brent crude approaching the $100 threshold. According to CCTV International News, the Saudi Ministry of Energy confirmed that civilian and economic infrastructure in Abha, Khamis Mushait, Najran, and Jizan had been attacked, resulting in over 70 injuries. Relevant authorities are working to ensure facility safety and operational continuity. A spokesperson for the Houthi group stated on the same day that the organization would announce an expansion of operations deep into Saudi territory.
ETF Market Watch | F Samsung Crude Oil Futures (03175) rise nearly 2% again as Iran to implement new restrictions in the Persian Gulf and Gulf of Oman regions
F-Samsung Crude Oil Futures (03175) rose nearly 2% again; as of press time, it was up 1.79% at HK$11.35, with a turnover of HK$1.7539 million. Zhitong Finance APP learned that F Samsung Crude Oil
Express News | Multiple energy facilities in Saudi Arabia were attacked and caught fire; the Houthi rebels claimed they would launch strikes deep into Saudi territory.
According to a statement released by the Saudi Ministry of Energy today (September 8), multiple energy and utility facilities in the country were attacked by Yemen's Houthi rebels, resulting in fires at several locations and temporary disruptions to operations at some facilities. The Ministry stated that it is working to ensure facility safety, personnel security, and operational continuity. Earlier today, the Saudi-led coalition in Yemen reported that Houthi attacks on civilian and economic infrastructure in Abha, Khamis Mushait, Najran, and Jizan in Saudi Arabia had injured 73 people. The coalition vowed a resolute response to the Houthi attacks. (CCTV International News)
Iran plans to establish an exclusion zone outside the Strait of Hormuz, with an agreement with Oman imminent.
Rezaei, Secretary of Iran’s Supreme National Security Council, stated that Iran will establish new restricted zones in the Persian Gulf and the Gulf of Oman, covering areas from the U.S. military blockade line to loading ports. A map of the new international shipping lanes has been agreed upon within Iranian and Omani waters and “is expected to be signed in the coming days.” Meanwhile, Baghaei, spokesperson for the Iranian Ministry of Foreign Affairs, confirmed that the agreement between Iran and Oman on shipping management in the Strait of Hormuz has entered its final stage, with plans to designate temporary safe shipping routes and impose transit fees.
OPEC+ keeps October production quotas unchanged, shifting focus to 2027 capacity ceiling
On September 6, OPEC+ decided to keep October production quotas unchanged, in line with prior market expectations. Geopolitical turbulence continues to constrain physical exports from the Middle East, limiting the near-term practical significance of these quotas. Market focus has now shifted from monthly output increases to post-conflict market management and the setting of production caps for 2027, the latter of which is expected to be negotiated at the ministerial meeting in November.
Saudi Aramco's Jizan oil facilities attacked again, driving up international oil prices
Saudi Aramco's oil facilities in Jizan came under attack again within less than a month, prompting international oil prices to rise and heightening market concerns over regional energy supplies.
Express News | International oil prices rose in the short term amid reports that Saudi Aramco's refinery in Jizan came under attack.
WTI crude oil rose by $0.59 per barrel within five minutes to trade at $92.19 per barrel, while Brent crude increased by $0.62 per barrel in the same period to reach $97.38 per barrel. Reports indicate that Saudi Aramco's refinery in Jizan came under attack.
Express News | Iran states that negotiations with Oman on the Strait of Hormuz have entered the final stage
On the 7th local time, Iranian Foreign Ministry spokesperson Baghaei stated that significant substantive progress has been made in negotiations between Iran and Oman on delineating a secure maritime corridor in the Strait of Hormuz. Although certain third-party forces attempted to obstruct and interfere, causing repeated setbacks in the talks, consultations between the two countries have now entered the final stage. On August 25, Iran and Oman issued a joint statement announcing plans to establish a mutually agreed-upon secure maritime corridor in the Strait of Hormuz. (CCTV News)
Express News | Goldman Sachs: Oil Prices Could Rise to $120 if Middle East Tensions Escalate
Goldman Sachs stated that if attacks on shipping in the Middle East increase, oil prices could rebound to $120 per barrel, and advised investors to profit by taking long positions in natural gas and diesel. Sturven, Co-Head of Global Commodities Research at Goldman Sachs, remarked, "Events over the past few days indeed indicate that the risk of expanded and intensified shipping disruptions cannot be ignored." Sturven noted that in addition to the upside scenario of $120 per barrel, Goldman Sachs has also set a downside target of $80 per barrel should exports from the region return to normal. "While we believe there is significant upside potential for crude oil prices, we do recommend that investors hedge against geopolitical risks by taking long positions in European natural gas and refined petroleum products. Supply shocks in these markets are more pronounced than in the crude oil market."
US and Iran exchange attacks on oil tankers! Iran warns of new "restricted zone" in the Strait of Hormuz, vowing faster, heavier, and more painful retaliation
Renewed hostilities between the United States and Iran have erupted around the Strait of Hormuz, with oil tankers and unmanned systems coming under successive attacks. Iran has threatened to establish new restricted zones and warned that its retaliation would be "faster, heavier, and more painful," even as it grapples with obstructed oil exports and economic distress.
U.S. military strikes three Iranian oil tankers for the first time, escalating Strait of Hormuz tensions from "targeting infrastructure" to "disrupting transport"
The nature of the military conflict between the United States and Iran underwent a significant shift this week. As U.S. military strikes targeted crude oil tankers in transit for the first time, moving beyond coastal military facilities, this marks a formal escalation from "targeting production capacity and infrastructure" to "disrupting transportation corridors." Consequently, market focus has shifted from "the extent of Iran's production cuts" to "whether the U.S. military intends to systematically sever Iran's crude oil supply chains," prompting a reassessment of global crude oil pricing logic.
Trump: U.S. Special Envoy to Present "End-of-War Plan" for Russia-Ukraine Conflict to Russia
U.S. President Trump confirmed in an interview with the media at the White House on September 4 (local time) that U.S. envoys Witkoff and Kushner will present a proposal to Russia to end the Russia-Ukraine conflict.
Express News | Iranian media: An Iranian oil tanker near Kharg Island was hit by a missile attack
According to Iran's SNN news agency, an Iranian oil tanker near Kharg Island was struck by a missile, with no casualties reported so far.
Bessent: Oil prices to fall to $40 after Iran conflict ends, with bond yields declining accordingly
U.S. Treasury Secretary Bessent predicts that the global oil market will face a severe oversupply once the conflict in Iran ends, potentially driving oil prices down to $40–$50 per barrel and leading to a concurrent decline in bond yields and inflation. He noted that the correlation between current oil prices and interest rates has reached a record high.
How does Wall Street view the August non-farm payrolls? Strong employment figures have not ended the suspense over a September rate hike; next week's CPI holds "decisive significance."
The U.S. non-farm payrolls report for August was surprisingly strong, prompting the market to reassess the likelihood of a Federal Reserve rate hike in September. However, Wall Street does not believe this resolves the policy uncertainty. According to analysts at multiple institutions, while the robust employment data has indeed strengthened the hand of the hawkish camp within the Fed, it is insufficient on its own to determine the outcome of the September monetary policy meeting. The CPI data scheduled for release next week remains the key factor likely to "set the direction." On Friday, the U.S. Bureau of Labor Statistics reported that non-farm payrolls increased by 162,000 in August, far exceeding the market expectation of 56,000. Additionally, job gains for the previous two months were revised upward by a combined 55,000, with July's figure being adjusted from a decrease of 23,000.
Express News | Vance: No dialogue with Iran until it stops attacking merchant ships
U.S. Vice President Vance held a press conference at the White House on Thursday local time. Addressing Iran, he stated: “Approximately 15 million barrels of oil passed through the Strait of Hormuz yesterday. Gasoline prices are high because Iran is firing at ships. We are taking numerous measures to pressure Iran to cease firing at vessels. My advice to the Iranians is to stop acting like madmen and stop firing at merchant ships. We have many additional tools at our disposal regarding Iran; some will be used by Trump, while others will not. Shipping traffic in the Strait of Hormuz has nearly returned to pre-conflict levels. However, we will not engage in dialogue with Iran unless it stops attacking vessels.”
Express News | Iran strikes U.S. military bases in the UAE and Kuwait
Today (September 3), the Iranian Armed Forces issued a statement claiming that its forces used missiles and drones this morning to attack the satellite communication systems, equipment warehouses, and fighter jet hangars at the U.S. Al Ahmad al-Jaber Air Base in Kuwait, resulting in casualties. Additionally, the forces used missiles and drones to strike facilities, including radar systems, at the U.S. Minhad Air Base in the United Arab Emirates. The statement emphasized that Iran will respond resolutely and devastatingly to any attacks by U.S. forces until final victory is achieved and the aggressors are punished. (CCTV International News)
Trump states that new strikes against Iran will not "last long," pausing the rally in oil prices.
Trump stated that Iran is attempting to rebuild its radar systems, missile systems, and mine-laying capabilities. He described the U.S. military's strikes on Iran on the 1st as "very fierce," destroying "all new equipment that Iran attempted to deploy along the coast of the Strait of Hormuz." He added, "We are ready to strike again at any time," and asserted that the United States has controlled and will continue to control the situation in the Strait of Hormuz. WTI crude oil, which had accumulated a gain of approximately 9% over the previous three days, stabilized near $91 per barrel.