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According to ship tracking data, a Suezmax oil tanker named “Lani P”, loaded with fuel oil from Baniyas Port in Syria, is heading to Ulsan, South Korea, and is expected to arrive in early July. This is the first recorded instance of such a shipment, marking an adjustment in energy trade routes affected by Middle Eastern conflicts.The tanker completed loading at Syria’s Baniyas Port at the end of May. Traders have analyzed that this batch of fuel oil was most likely produced in Iraq and transported via Syria to circumvent the de facto blockade of the Strait of Hormuz due to the Iran war.With passage through the Strait of Hormuz obstructed, some energy exporters are exploring alternative transportation routes to maintain delivery capacity to East Asian clients. The current Syria-to-Korea fuel oil shipping route is a direct manifestation of this structural adjustment.However, as a temporary peace agreement between the US and Iran progresses, navigation through the Strait of Hormuz has gradually resumed, and some oil tankers have returned to transit the waterway. The subsequent frequency of alternative routes will depend on the stability of passage through the strait and related changes in transportation costs.South Korea is one of Asia’s major exporters of refined oil and petrochemical products, and its demand for imported crude oil and fuel oil remains robust. If the Syria transit fuel oil route proves viable, it could become a new reference for the regional oil product trade flows and pricing over the coming months. However, the long-term stability of this route still depends on the evolution of the geopolitical situation.

BlockBeats News, on June 25, according to Hyperinsight monitoring, the "sell on highs" whale has entirely shorted various AI industry chain targets, with main positions concentrated in Micron Technology, SK hynix, and DRAM index shorts. After Micron's earnings triggered a surge in the storage sector, these three short positions simultaneously suffered significant floating losses: MU (4x leverage): Position size USD 7.26 million, average price USD 871, floating loss USD 2 million; SK hynix SKHX (4x leverage): Position size USD 15.3 million, average price USD 1,461, floating loss USD 3.13 million; DRAM (4x leverage): Position size USD 4.37 million, average price USD 63.4, floating loss USD 790,000. The total floating loss of the three positions is about USD 5.92 million. Currently, MU, SKHX, and DRAM are up 11.5%, 10.6%, and 9.6% respectively on the day. The on-chain whales for these three major targets are still maintaining a bearish stance, with short/long nominal ratios at 1.5x, 1.4x, and 1.75x respectively. The average entry costs of large position holders are as follows: MU: The overall average price for long whales is about USD 1,066, and for shorts about USD 894, with a current price at USD 1,220; SKHX: The overall average price for both longs and shorts is nearly the same, around USD 1,638, both below the current price of USD 1,876; DRAM: The overall average price for longs is about USD 68.5, for shorts about USD 72.1, with the current price around USD 78.3. Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444

BlockBeats News, June 25th, according to Hyperinsight monitoring, the "sell on rallies" whale has heavily shorted various targets in the AI industry chain, with main positions focused on Micron Technology, SK Hynix, and the DRAM Index short. After Micron's financial report triggered a surge in the storage sector, the three short positions simultaneously suffered significant losses: MU (4x leverage): Size $7.26 million, average price $871, loss $2 million; SK Hynix SKHX (4x leverage): Size $15.3 million, average price $1461, loss $3.13 million; DRAM (4x leverage): Size $4.37 million, average price $63.4, loss $0.79 million. The total loss of the three positions is approximately $5.92 million. Currently, MU, SKHX, and DRAM have risen by 11.5%, 10.6%, and 9.6% respectively during the day. The three major whale targets on-chain still maintain a bearish stance, with nominal short/long ratios of 1.5, 1.4, and 1.75 respectively. The average cost of opening positions for large holders is as follows: MU: The average price for long whales is around $1066, for short whales around $894, and the current price is $1220; SKHX: The overall average prices for long and short positions are almost the same around $1638, just below the current price of $1876; DRAM: The overall average price for long positions is around $68.5, for short positions around $72.1, and the current price is around $78.3. Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444