A Smartkarma report by a derivatives and quantitative strategist says 2x single-stock ETFs tracking Samsung Electronics and SK Hynix must rally roughly 33% to recover June 22 levels, implying the underlying shares need about a 16.5% rise. Both chipmakers fell double digits on Tuesday, knocking the linked ETFs down about 25%; the Samsung 2x ETF is down 5.4% since its May 27 launch. The report warns Korea’s single-stock 2x ETFs boost returns in trending markets but quickly erode value in high vola

North Sea crude weakened as a fresh wave of Middle East barrels flooded Europe, boosting concern about potential oversupply after the Strait of Hormuz reopened. In S&P Global Commodity Insights’ Platts pricing window, Forties crude — one of six grades underpinning the global spot Brent benchmark — fell on Monday to a two-year low, while WTI Midland slipped to a three-month low. Dubai benchmark softened and its spread moved further into contango, a typical signal of ample supply. Traders say shipments via the Strait of Hormuz have not fully normalized, but market anxiety over excess supply is rising.

In a Tehran press briefing on the 23rd, foreign ministry spokesman Baghaei said Iran will decide use of its unfrozen assets solely on national-interest grounds and that there are no restrictions on their use. He dismissed reports that the funds would be limited to purchases of specified goods, including US food, saying procurement will be made by agencies such as the agriculture ministry based on price and quality. Baghaei added a US-issued license for sales of Iranian crude, petrochemicals, refined products and related services took effect on the 22nd and the same principle applies to the released assets, which he said are now fully available to Iran for its priorities.