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

by Lim Chunhan

Published 13 Apr.2026 09:19(KST)

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.

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

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.