Heungku Oil (024060) saw its stock price surge more than 20% amid renewed geopolitical risks in the Middle East, triggering the Volatility Indicators (VI).

According to the Korea Exchange on the 8th, a static VI for Heungku Oil was triggered at 1:13:11 PM and lifted at 1:15:15 PM. As of 1:18 PM, Heungku Oil is trading at 10,930 won, up 1,830 won (20.11%) from the previous trading day.

The strength in refinery stocks today is interpreted as the result of renewed geopolitical tensions surrounding the Middle East. The U.S. Central Command announced that it had launched a series of airstrikes against Iran in response to attacks on civilian merchant vessels in international waters. This has once again raised concerns about rising international oil prices and potential disruptions to energy supplies, drawing buying interest into some refinery-related stocks.

The market is closely watching the possibility that future developments in the Middle East situation and international oil price trends will serve as key variables determining the direction of refinery stocks overall.

[※ This article is for reference in making investment decisions, and the final responsibility for investments lies with the investor.]