WTI Crude Oil
WTI 원유 · 배럴
$109.76
▲ +4.38 (+4.16%)
High
$109.76
Low
$109.76
Prev close
$105.38
52-week range
$55.440 – $114.58
Last updated: 5/11/2026, 4:00:09 PM
Related events
China's April exports surged 14%, sparking hopes for global economic vitality amid geopolitical uncertainties.
Despite geopolitical uncertainties and concerns about a global economic slowdown, China's April exports surged by 14% year-on-year, showing a strong recovery that exceeded market expectations. This is attributed to the strong performance of China's automotive industry through the 'Huawei Inside' strategy and increased exports of eco-friendly energy products, including solar panels. China's strong export recovery could have a positive impact on global supply chains and raw material markets, and is expected to contribute to the revitalization of the global economy.
Domestic Banking Sector: H2 Benchmark Interest Rate Hike Outlook and Tightening Aggregate Household Loan Controls
Domestic banking sector experts are forecasting a benchmark interest rate hike by the Bank of Korea in the second half of this year, advising on securing cash and diversifying investments. This trend, combined with financial authorities' strengthened stance on managing household loan aggregates, has resulted in the top 5 banks' first-quarter loans falling below their targets. Deepening high oil prices and inflationary pressures stemming from geopolitical tensions in the Middle East are further reinforcing these interest rate hike forecasts.
Trump's Rejection of Iran's Peace Proposal Heightens Middle East Tensions and Amplifies Oil Price Uncertainty
U.S. President Donald Trump decisively rejected Iran's peace proposal, calling it 'completely unacceptable.' This is once again escalating geopolitical tensions in the Middle East, adding significant uncertainty to international oil prices and commodity markets. In particular, with the BIS (Bank for International Settlements) General Manager warning that a fiscal policy response to the risk of war with Iran could worsen inflation, concerns are growing that inflationary pressures in the global economy could intensify.
Global economic instability grows due to deepening geopolitical tensions in the Middle East and prolonged high oil prices.
Geopolitical tensions in the Middle East are escalating as armed conflict between the U.S. and Iran reignites in the Strait of Hormuz. Consequently, international oil prices have risen for six consecutive weeks, exacerbating global inflationary pressures. The South Korean economy is also experiencing direct impacts, including price increases driven by high oil prices and reduced airline operations. The government is focusing on stabilizing livelihoods, including preparing for a second round of high oil price relief payments.
Ongoing Middle East geopolitical tension and international oil prices rising for 6 consecutive weeks are intensifying inflationary pressure.
Despite U.S. President Donald Trump announcing a Russia-Ukraine ceasefire, foreign media outlets such as CNBC reported that the Trump-Xi summit was a key deadline for resolving the U.S.-Iran conflict, suggesting that geopolitical instability in the Middle East remains a key market variable. Amidst this uncertainty, international oil prices recorded a rise for the sixth consecutive week, intensifying inflationary pressure both domestically and internationally.
Escalation of US-Iran military confrontation in the Strait of Hormuz deepens global oil price instability.
As military clashes between the U.S. and Iran intensify in the Strait of Hormuz, instability in international oil prices is escalating. While both sides claim the other initiated the attack, the U.S. military has struck Iranian military facilities, and Iran claims to have shot down a drone. The CEO of Shell stated that the market is short of approximately 1 billion barrels of crude oil due to the conflict with Iran, emphasizing the uncertainty in the energy market.
Global central banks maintain divergent monetary policies amid inflation vigilance, while South Korea faces fiscal instability.
The European Central Bank (ECB) and the Bank of England (BoE) are maintaining a cautious monetary policy stance, freezing interest rates amidst debates over growth and inflation. In contrast, global central banks are showing divergent responses to inflationary pressures, with Australia, for instance, implementing an interest rate hike. Amidst this backdrop, the Korean government, despite a tax revenue surplus, has undertaken temporary borrowing from the Bank of Korea for two consecutive months, raising concerns about fiscal soundness and is expected to have complex implications for domestic mo
Oil price instability persists amidst Trump-driven expectations of Middle East peace, intensifying domestic inflationary pressure.
Geopolitical uncertainty in the Middle East continues, as former U.S. President Donald Trump has hinted at the possibility of an agreement with Iran while also mentioning the possibility of bombing if such an agreement fails. France has deployed a nuclear-powered aircraft carrier to the Red Sea in preparation for the opening of the Strait of Hormuz, demonstrating a move to contribute to regional de-escalation and stabilization of maritime logistics.
Middle East Geopolitical Tensions Escalate: Trump's 'Project Freedom' and Increased Oil Price Uncertainty
U.S. President Donald Trump announced "Operation Project Freedom" for the resumption of commercial shipping in the Strait of Hormuz, stating that the U.S. military would directly "escort" vessels. Amid claims that a South Korean cargo ship was attacked by Iran acting alone, geopolitical tensions in the Middle East are reaching their peak. This is expected to significantly increase uncertainty in international oil prices and the maritime shipping market.