# KOSPI Type: index Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/kospi-a0aa78 Canonical HTML page: https://getsupplybrief.com/entity/kospi-a0aa78 ## Timeline - **2026-07-13**: U.S. launches airstrikes, Iran retaliates — The U.S. carries out multiple waves of airstrikes on Iranian targets; Iran responds with strikes across the Middle East. - **2026-07-13**: Oil prices surge and Asian markets tumble — Brent crude jumps 3.6% to $78.76; Kospi plummets 9%, leading a broad Asian selloff as geopolitical risk spikes. - **2026-07-13**: Trump reinstates blockade and demands cargo fees — President Donald Trump says the US is reinstating a blockade on Iranian ships in the Strait of Hormuz and calls for 20% payments on all cargo shipped through the strait. - **2026-07-13**: Oil price surge — Brent crude leaps 7.8% to $81.92 per barrel. - **2026-07-13**: Asian market rout — South Korea’s Kospi drops 8.9%, with SK Hynix plunging 15.4%—the worst for the stock since 1997. - **2026-07-13**: US stock market declines — S&P 500 falls 0.7%, Nasdaq composite down 1.4%, led by Micron (-4.9%) and Nvidia (-3.2%). - **2026-07-11**: Iran attacks container ship in Strait of Hormuz — Iran strikes a container ship transiting the Strait of Hormuz, setting it ablaze and leaving one crew member missing. - **2026-07-11**: Weekend attacks in Middle East — Fighting erupts between the US and Iran over the Strait of Hormuz, blocking oil tankers from transiting the vital chokepoint. - **2026-06-22**: Oil prices slip — Brent crude drops 0.91% to $79.12, WTI falls 0.70% to $75.32 as markets react to easing supply concerns. - **2026-06-21**: First round concludes — Qatari and Pakistani mediators announce that the first round of negotiations concluded with 'encouraging progress.' - **2026-06-15**: MoU signed — US and Iran sign memorandum of understanding committing to a final agreement within 60 days, end to fighting on all fronts, and reopening of Strait of Hormuz. - **2026-06-12**: Global equity rally and oil slump — Asian and European stocks surge, oil hits two-month lows, and the dollar and bond yields drop as peace hopes intensify. - **2026-06-12**: SpaceX IPO debut — Elon Musk's SpaceX goes public at a $1.77 trillion valuation after raising $75 billion, the largest IPO in history. - **2026-06-11**: ECB raises interest rates — The European Central Bank lifts rates for the first time in nearly three years to curb war-driven inflation. - **2026-06-11**: Trump signals peace deal imminent — President Trump states a deal with Iran could be signed as soon as this weekend, hours after threatening more strikes. ## Recent coverage (4 stories) ### Strait blockade risks 21M bbl/day as Brent surges 7.8% to $81.92 2026-07-13 19:33:53 · Sentiment: Bearish · Impact: 7/10 · Sources: 5 Brent crude jumped 7.8% after US-Iran clashes shut oil tanker traffic through the Strait of Hormuz. The sudden disruption threatens a daily flow of 21 million barrels and adds a new 20% cargo fee proposed by President Trump. Full story: https://getsupplybrief.com/story/strait-hormuz-blockade-brent-surge-supply-chain ### Strait of Hormuz Airstrikes Send Brent +3.6%, Threaten Global Supply Chains 2026-07-13 16:59:56 · Sentiment: Bearish · Impact: 7/10 · Sources: 2 Renewed U.S.-Iran military strikes imperil shipping through the Strait of Hormuz, spiking oil prices and forcing logistics managers to brace for fuel cost hikes, delivery delays, and insurance spikes. Full story: https://getsupplybrief.com/story/oil-supply-chain-disruption-us-iran-strait-of-hormuz ### Strait of Hormuz reopening talks send oil down 1%, supply chains eye relief 2026-06-22 06:38:40 · Sentiment: Bullish · Impact: 6/10 · Sources: 2 Progress in US-Iran negotiations reduces the risk of supply disruptions through the Strait of Hormuz, pushing oil prices lower. Logistics firms and shipping companies could benefit from lower bunker fuel costs and normalized transit routes. Full story: https://getsupplybrief.com/story/supply-oil-prices-us-iran-talks-2026 ### Oil at 2-Month Low of $86.69 Promises Freight Cost Relief for Supply Chains 2026-06-15 03:48:45 · Sentiment: Bullish · Impact: 6/10 · Sources: 3 The potential end of the Gulf war sends crude to two-month lows, offering immediate relief to transportation and logistics budgets. Meanwhile, SpaceX's $75B IPO signals a new wave of demand for advanced manufacturing supply chains. Full story: https://getsupplybrief.com/story/supply-chain-oil-drop-gulf-peace-hopes --- This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getsupplybrief.com/guides/methodology for the full editorial methodology.