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S-Oil Surges 19.87% This Week on Strait of Hormuz Tensions, U.S.-Iran Conflict Boosts Refining Margins

Commodities Stocks

2026-07-10 21:25:51

S-Oil-1.04%

CL-0.42%

According to News1, this week (July 6-10), S-Oil surged 19.87% while the KOSPI fell over 7%, amid escalating tensions between the U.S. and Iran over control of the Strait of Hormuz. The stock rally reflected expectations that refining margins will remain strong in the second half of 2026. WTI crude oil rose nearly 5% this week, though prices remained around $70 per barrel. Analysts cited tightened regional supply and expectations of sustained high refining margins as key drivers for the petrochemical sector's outperformance.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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