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A spokesperson for the Iranian Foreign Ministry stated: "We emphasize that we will never allow the Strait of Hormuz to become a place that threatens Iran's national security. At the same time, we have always been committed to ensuring the safety of s

2026-07-13

A spokesperson for the Iranian Foreign Ministry stated: "We emphasize that we will never allow the Strait of Hormuz to become a place that threatens Iran's national security. At the same time, we have always been committed to ensuring the safety of shipping in this waterway with honesty and responsibility."

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2026-07-13

OPEC monthly report cuts its 2026 forecast for demand for OPEC crude by 200,000 b/d to 42.30 mln b/d; leaves the 2027 forecast unchanged at 43.60 mln b/d.

OPEC monthly report cuts its 2026 forecast for demand for OPEC crude by 200,000 b/d to 42.30 mln b/d; leaves the 2027 forecast unchanged at 43.60 mln b/d.
2026-07-13

Korea Investment & Securities (KIS) projects SK Hynix Q2 operating profit at KRW 60.4 trillion, about 8% below the KRW 65 trillion market consensus. KIS says company fundamentals remain solid and profitability is strong, but HBM long-term contracts m

Korea Investment & Securities (KIS) projects SK Hynix Q2 operating profit at KRW 60.4 trillion, about 8% below the KRW 65 trillion market consensus. KIS says company fundamentals remain solid and profitability is strong, but HBM long-term contracts mute earnings cyclicality and HBM4 lacks the same short-term spot-price upside as commodity DRAM. KIS warns HBM4 pricing is highly uncertain: HBM4 is highly customized and includes logic units, so realized prices will depend on factors including NVIDIA contract pricing, HBM4 performance, power consumption and yields, allocation of advanced-packaging costs, whether NVIDIA will pay a supply-stability premium, and SK Hynix’s eventual order share — none of which are fully transparent. KIS likely used conservative HBM price and margin assumptions, which helps explain its below-consensus Q2 call. Crucially, ‘‘average selling price reverting to market average’’ should be read as SK Hynix’s overall DRAM blended ASP growth converging toward the market average as HBM4 scales, not HBM4 falling to commodity DRAM price levels. Memory fundamentals remain strong; main downside risk is macro.
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