Market Overview - On June 13, US stock indices opened lower, with the Dow Jones down 1.32%, S&P 500 down 0.79%, and Nasdaq down 0.83% [1] - Major tech stocks experienced declines, with Nvidia and Amazon dropping over 1%, Google A down 1%, and Apple and Tesla nearly 1% [2][3] Sector Performance - Airline stocks fell across the board, with American Airlines down nearly 5%, United Airlines down over 4%, and Boeing down over 2% [3][4] - Energy stocks showed strength, with Houston Energy experiencing a surge of over 160% at one point, and US Energy rising over 90% [4][5] Chinese Stocks - The Nasdaq China Golden Dragon Index fell over 1%, with individual stocks like Kingsoft Cloud down over 7%, iQIYI, XPeng Motors, Bilibili, and Li Auto down over 3%, and Alibaba down over 2% [6][7] International Markets - European indices also saw declines, with the UK FTSE 100 down 0.45%, and both the French CAC40 and German DAX down over 1% [8] Commodity Prices - International oil prices surged, with US oil up 7% and Brent oil nearly 7% [8] - Gold prices also increased, with London gold up 1.48% and COMEX gold up 1.65% [11] Geopolitical Events - Tensions escalated as Iran officially withdrew from nuclear negotiations with the US, and Israel conducted airstrikes in Iran, resulting in casualties [11][12][13] - The situation has implications for oil prices, with Morgan Stanley predicting potential spikes to $120 per barrel due to these geopolitical tensions [11]

Group 1 - Iran's National Oil Company stated that the recent Israeli airstrikes did not damage any of its refining or oil storage facilities, and operations and fuel supply remain stable [1] - Following the airstrikes, oil prices surged by 13% in a single day, marking the largest daily increase since the Russia-Ukraine conflict began in 2022 [3] - Analysts from ING indicated that if Iran's midstream and upstream assets are targeted, up to 1.7 million barrels per day of export supply could be at risk, potentially shifting the oil market from surplus to deficit in the second half of the year [3] Group 2 - Commodity strategist Warren Patterson suggested that Brent crude prices could rise to $80 per barrel if tensions escalate, although prices may stabilize around $75 [3] - In a worst-case scenario, such as the closure of the Strait of Hormuz, approximately 14 million barrels of oil supply could be at risk, which could push prices to $120 per barrel [3] - Charu Chanana, chief investment strategist at Saxo Bank, noted that if Middle Eastern tensions escalate, oil prices could spike to $80, but increased OPEC+ production might limit this rise and lead to concerns about oversupply in the fall [3]

Core Insights - International oil prices have surged, positively impacting palm oil futures, which are leading the oilseed sector [1] - Analysts suggest that the spike in international crude oil prices may create a bullish sentiment for oilseeds [1] - There are renewed discussions regarding biodiesel in the U.S., which may lead to a short-term adjustment in palm oil prices [1]

Core Viewpoint - Morgan Stanley suggests that an attack on Iran could lead to oil prices soaring to $120 per barrel and push the U.S. Consumer Price Index (CPI) up to 5% [1] Group 1: Oil Prices - An attack on Iran is projected to cause a significant increase in oil prices, potentially reaching $120 per barrel [1] - The geopolitical tensions in the Middle East are likely to exacerbate oil price volatility [1] Group 2: U.S. Consumer Price Index (CPI) - The anticipated rise in oil prices could result in the U.S. CPI increasing to 5% [1] - Higher oil prices typically correlate with increased inflationary pressures in the economy [1]