Daily News Briefing — 2026년 7월 9일
President Trump has declared the Iran truce over, leading to spiking oil prices and a drop in U.S. stocks, while the IMF warns of a global growth slowdown in 2026. Domestically, HD Hyundai Oilbank has been indicted by prosecutors over alleged price fixing.
Daily News Briefing — 2026-07-09
Domestic Issues
Refining industry faces trial over price-fixing allegations
Prosecutors have indicted HD Hyundai Oilbank and its officials for allegedly colluding to raise oil prices shortly after the outbreak of the war, moving the case from formal investigation to the courtroom.
Outlook for South Korea’s 2026 economic growth released
According to the Korea Center for International Finance, eight major foreign investment banks have officially released their projections for South Korea's real GDP growth for 2026 as of the end of June.
Global & International Affairs
Trump declares Iran truce "over," oil prices skyrocket
U.S. President Donald Trump declared that the truce with Iran is "over" at the NATO summit held in Türkiye. Following the statement, international oil prices surged, U.S. stock markets fell, and bond yields hit 4.60%. The Dow Jones Industrial Average dropped 577 points.
Oil surge deepens volatility in financial markets
The jump in oil prices has pushed bond yields higher, while the dollar showed weakness. Hawkish statements from the Federal Reserve have further driven the rise in yields.
IMF warns of 2026 global economic slowdown
The International Monetary Fund (IMF) has warned that the global economy will experience a sharp slowdown in 2026, as the war with Iran disrupts energy supply chains and sparks new inflation. The IMF's outlook reflects the harmful impacts resulting from the decision to go to war with the U.S.
Trending Now
2026 FIFA World Cup Round of 16 results
Spain (FIFA rank 2nd) defeated Portugal (7th) 1-0 in the 2026 FIFA World Cup Round of 16 held at the Dallas Stadium in Texas, USA, on the morning of the 7th at 4:00 AM (KST).
Germany’s TKMS wins 60 trillion won Canadian submarine contract
The 60 trillion won Canadian submarine project has been awarded to Germany's TKMS (ThyssenKrupp Marine Systems), with Hanwha Ocean losing out in the competition.
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