[Market Highlight] Oil Refining Stocks Climb as International Oil Prices Surge

As international oil prices rise due to the breakdown of ceasefire negotiations between the United States and Iran, domestic oil refining stocks are also increasing.

As of 9:16 a.m. on April 13, Heungkuk Oil is trading at 20,000 won, up 3.31% from the previous session. At the same time, Korea ANKOR Oil Field (up 6.11%), Joongang Enervis (up 2.55%), and Korea Oil (up 2.94%) are also on the rise.

U.S. President Donald Trump announced on social media that, following the breakdown of the ceasefire negotiations, he would initiate a blockade procedure for all vessels passing through the Strait of Hormuz. Starting from 11 p.m. KST on the same day, a blockade will be imposed on all maritime traffic entering and leaving Iranian ports.

The Iranian side has warned that it would take strong military retaliation if the United States attempts a maritime blockade of the Strait of Hormuz.

Currently, West Texas Intermediate (WTI) crude oil for May delivery is up sharply by 8.59% from the previous session, trading at USD 104.87 per barrel.

This content was produced with the assistance of AI translation services.