-- 周一，美国股市收低，此前伊朗再次关闭霍尔木兹海峡，并拒绝继续进行和平谈判，声称美国“没有履行其义务”，导致原油价格大幅上涨。 * 据《华尔街日报》报道，美伊第二轮和平谈判计划于周一在伊斯兰堡举行。报道称，尽管德黑兰尚未公开确认参会，但已告知地区调解人，将派遣谈判团队。 * 据彭博社报道，美国总统唐纳德·特朗普表示，他不太可能延长与伊朗为期两周的停火协议，这使得谈判人员达成结束战争的协议变得更加紧迫。 * 5月交割的西德克萨斯中质原油期货价格上涨4.92美元，收于每桶88.77美元；全球基准布伦特原油期货价格上涨4.67美元，收于每桶95.05美元。 * 据《The Information》报道，Alphabet（GOOG，GOOGL）旗下的谷歌正与Marvell Technology（MRVL）洽谈合作，共同开发两款针对人工智能推理任务优化的新型处理器。Marvell股价上涨5.8%，成为纳斯达克指数中涨幅第二大的股票。 * 受中东局势紧张升级的影响，挪威邮轮控股公司（NCLH）股价下跌3.5%，成为标普500指数中跌幅第四大的股票。
Related Articles
Sectors
Crude Oil Prices Rise on Stalled U.S.-Iran Peace Talks
Crude oil prices rose on Monday as talks to end the war between the U.S. and Iran remain frozen and flows through the crucial Strait of Hormuz continue to be disrupted.Brent crude at last look gained 2.7% to US$108.17/barrel and West Texas Intermediate crude climbed 2.4% to $96.63/barrel. The U.S. and Iran appear to still be far apart on issues including Iran's nuclear ambitions and the reopening of the strait, Reuters said in a Monday report."The diplomatic stand-off means that every day 10-13 million barrels of oil fail to get to the international market, worsening an already tight oil balance. Therefore, there is only one direction for oil prices to go," Reuters quoted PVM Oil Associates analyst Tamas Varga as saying.Goldman Sachs raised its fourth-quarter oil price forecasts to $90/barrel for Brent and $83/barrel for WTI, citing reduced output from the Middle East, the report said.
$CLX1$LCOX1$USO
Commodities
Japan Resorts to More Coal, Nuclear During Energy Crisis Sidelines Renewables, Says IEEFA
Japan is leaning on higher nuclear output and ramping up use of coal in power generation as contingency measures in the face of the global energy crisis, but these measures are simultaneously smothering renewables, the Institute for Energy Economics and Financial Analysis said on Monday.Temporary increased use of coal was decided upon to reduce the need for now-scarce LNG while the restart of some nuclear power plants is also providing additional resilience to supply shocks which have hit Asian nations hardest.IEEFA said this risks displacing domestic renewable energy which can supply just as much energy security but lower cost and it could also increase curtailment and undermine investment in more renewables, up-ending progress on decarbonization.Most of Japan's coal imports, about 71%, come from Australia, making it a safe option that reduces exposure to disrupted Middle Eastern logistics, the IEEFA report noted.But a shortage of diesel for plant operations at J-Power's Matsuura 2 gigawatt coal-fired power station slashed its output by 50% while the JFE Steel Fukuyama facility was halted over a shortage of heavy oil, underscoring that coal is not fully detached from oil and gas's geopolitical risk.Japan typically imports 4 million tons of LNG that pass through the Strait of Hormuz each year, representing about 6% of its total imports.As of March, 15 of Japan's 36 nuclear reactors were operating, as that sector recovers from the multiple impacts of the Fukushima disaster.They generate a combined 37 GW. Bringing the remainder online could cut Japan's LNG needs by 12.5 million tonnes, IEEFA said. Regulatory changes in early April were introduced, facilitating more restarts.Backing up its argument that more coal and nuclear, both less flexible power sources, could increase curtailment of renewables, IEEFA said that each nuclear restart in Japan has been followed by a reduction in renewables generation.Curtailments in Japan have risen to 1.9 terrawatt hours by 2023, up from 100 GWh in 2018. In the first half of 2025, curtailments were faster still at 1.7 terrawatt hours for a six-month period.The fact that output from coal and nuclear can not rapidly be increased or slowed means it can be difficult to make room for renewable supply on the grid when its output rises.IEEFA said that limitations in Japan's grid infrastructure is an additional constraint that limits absorption of renewable power and led to a situation in March where it curtailed renewables while importing power from abroad.IEEFA suggests that the addition of battery storage to the grid could go some way to boosting its flexibility.Curtailment of renewables output has another inherent problem in that it leads to a less favourable economic case for later additions of zero carbon generation capacity, the report said, all the more so because Japan does not compensate renewables suppliers for curtailments, a practice common in Europe.Developers are adding battery storage as a work-around to that, securing contracts that remunerate battery-discharged electricity instead of directly generated then consumed electricity.The addition of batteries adds to project costs however at a time when investor interest has yet to turn into large scale deployment, with erosion of revenue support measures a further deterrent, IEEFA said.
Research
UOB Kay Hian Upgrades Hana Microelectronics to Buy from Hold; Price Target is THB38
Hana Microelectronics (BKK:HANA) has an average rating of overweight and mean price target of 25.44 Thai baht, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$BKK:HANA