{"id":40738,"date":"2026-03-12T11:44:10","date_gmt":"2026-03-12T11:44:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/mufg%ec%9d%98-%eb%a1%9c%ec%9d%b4%eb%93%9c-%ec%b0%ac%ec%9d%80-%ec%9d%b4%eb%9d%bc%ed%81%ac%ec%99%80-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%eb%a6%ac%ec%8a%a4%ed%81%ac%ea%b0%80\/"},"modified":"2026-03-12T11:44:10","modified_gmt":"2026-03-12T11:44:10","slug":"mufg%ec%9d%98-%eb%a1%9c%ec%9d%b4%eb%93%9c-%ec%b0%ac%ec%9d%80-%ec%9d%b4%eb%9d%bc%ed%81%ac%ec%99%80-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%eb%a6%ac%ec%8a%a4%ed%81%ac%ea%b0%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg%ec%9d%98-%eb%a1%9c%ec%9d%b4%eb%93%9c-%ec%b0%ac%ec%9d%80-%ec%9d%b4%eb%9d%bc%ed%81%ac%ec%99%80-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%eb%a6%ac%ec%8a%a4%ed%81%ac%ea%b0%80\/","title":{"rendered":"MUFG\uc758 \ub85c\uc774\ub4dc \ucc2c\uc740 \u201c\uc774\ub77c\ud06c\uc640 \ud638\ub974\ubb34\uc988 \ud574\ud611 \ub9ac\uc2a4\ud06c\uac00 IEA \ube44\ucd95\uc720 \ubc29\ucd9c \uc601\ud5a5\ub825\uc744 \uc555\ub3c4\ud558\uba74\uc11c \ube0c\ub80c\ud2b8\uc720\uac00 \ubc30\ub7f4\ub2f9 90\ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud588\ub2e4\u201d\uace0 \ub9d0\ud588\ub2e4."},"content":{"rendered":"\ube0c\ub80c\ud2b8\uc720\ub294 \uc774\ub77c\ud06c\uc640 \ud638\ub974\ubb34\uc988 \ud574\ud611(Strait of Hormuz) \uad00\ub828 \uacf5\uae09 \ubd88\uc548\uc774 \uad6d\uc81c\uc5d0\ub108\uc9c0\uae30\uad6c(IEA)\uc758 \ube44\uc0c1 \ube44\ucd95\uc720 4\uc5b5 \ubc30\ub7f4 \ubc29\ucd9c \uacc4\ud68d\ubcf4\ub2e4 \ub354 \ud06c\uac8c \uc791\uc6a9\ud558\uba74\uc11c \ubc30\ub7f4\ub2f9 90\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uc558\ub2e4. \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \uc774\ub77c\ud06c \ud574\uc5ed\uc5d0\uc11c \uc720\uc870\uc120 2\ucc99\uc774 \uacf5\uaca9\uc744 \ubc1b\uc740 \ub4a4 \uc774\ub77c\ud06c\uc758 \uc11d\uc720 \ud56d\ub9cc\uc774 \uc6b4\uc601\uc744 \uba48\ucdc4\ub2e4.\n\nIEA(\uad6d\uc81c\uc5d0\ub108\uc9c0\uae30\uad6c, \uc5d0\ub108\uc9c0 \uc2dc\uc7a5\uc744 \ubd84\uc11d\ud558\uace0 \ud68c\uc6d0\uad6d \uc815\ucc45 \uacf5\uc870\ub97c \ub3d5\ub294 \uad6d\uc81c\uae30\uad6c)\uc758 \ubc29\ucd9c \uaddc\ubaa8\ub294 \ucd1d 4\uc5b5 \ubc30\ub7f4\ub85c, \uc5ed\ub300 \ucd5c\ub300\ub2e4. \uc774\ub294 2022\ub144 \ub7ec\uc2dc\uc544\uc758 \uc6b0\ud06c\ub77c\uc774\ub098 \uce68\uacf5 \uc774\ud6c4 \ubc29\ucd9c\ub41c 1\uc5b5 8,300\ub9cc \ubc30\ub7f4\uacfc \ube44\uad50\ub41c\ub2e4. \uc774\ubc88 \ubc29\ucd9c \uaddc\ubaa8\ub294 \uc804 \uc138\uacc4 \uc11d\uc720 \uc218\uc694(\uc804 \uc138\uacc4\uac00 \ud558\ub8e8\uc5d0 \uc4f0\ub294 \uc11d\uc720 \uc591) \uae30\uc900 \uc57d 4\uc77c\uce58\uc5d0 \ud574\ub2f9\ud55c\ub2e4.\n\n<h3>Strait Of Hormuz Supply Risk<\/h3>\n\uc804 \uc138\uacc4 \ud574\uc0c1 \uc6b4\uc1a1 \uc11d\uc720(\ubc30\ub85c \uc62e\uae30\ub294 \uc11d\uc720)\uc758 \uc57d 20%\uac00 \ub9e4\uc77c \ud638\ub974\ubb34\uc988 \ud574\ud611\uc744 \ud1b5\uacfc\ud558\uba70, \ud558\ub8e8 \uc57d 2,000\ub9cc \ubc30\ub7f4 \uaddc\ubaa8\ub2e4. \uc774 \uad6c\uac04\uc774 \ub9c9\ud788\uba74 \uc7a5\uae30\uac04\uc5d0 \uac78\uccd0 \ub2e4\ub978 \uacf3\uc5d0\uc11c \ub300\uccb4\ud558\uae30 \uc5b4\ub835\ub2e4\uace0 \uc54c\ub824\uc838 \uc788\ub2e4.\n\n4\uc5b5 \ubc30\ub7f4\uc744 120\uc77c\uc5d0 \uac78\uccd0 \ubc29\ucd9c\ud55c\ub2e4\uba74 \ud558\ub8e8 \ud3c9\uade0 \uc57d 330\ub9cc \ubc30\ub7f4\uc774 \ub41c\ub2e4. \uc774\ub294 \uc0ac\uc6b0\ub514\uc544\ub77c\ube44\uc544\uc758 \ub3d9\uc11c \ud30c\uc774\ud504\ub77c\uc778(East West pipeline, \ud574\ud611\uc744 \uac70\uce58\uc9c0 \uc54a\uace0 \uc11d\uc720\ub97c \uc62e\uae38 \uc218 \uc788\ub294 \uc721\uc0c1 \uc1a1\uc720\uad00) \uac19\uc740 \uc6b0\ud68c \uc218\ub2e8\uc744 \uac10\uc548\ud558\ub354\ub77c\ub3c4, \ud638\ub974\ubb34\uc988 \ud574\ud611\uacfc \uc5f0\uacb0\ub41c \ud558\ub8e8 1,000\ub9cc~1,300\ub9cc \ubc30\ub7f4 \ubd80\uc871 \uac00\ub2a5\uc131\uacfc \ube44\uad50\ub418\ub294 \uc218\uc900\uc774\ub2e4.\n\n<h3>Derivative Strategy Implications<\/h3>\n\ud30c\uc0dd\uc0c1\ud488(\uc8fc\uc2dd\u00b7\uc6d0\uc720 \uac19\uc740 \uae30\ucd08\uc790\uc0b0\uc758 \uac00\uaca9\uc744 \uae30\uc900\uc73c\ub85c \uac00\uce58\uac00 \uc815\ud574\uc9c0\ub294 \uae08\uc735\uc0c1\ud488) \uac70\ub798\uc790\uc5d0\uac8c\ub294, \uc55e\uc73c\ub85c \uba87 \uc8fc \uc548\uc5d0 \uac00\uaca9\uc774 \uc758\ubbf8 \uc788\uac8c \ub0b4\ub824\uac00\uba74 \ub9e4\uc218 \uae30\ud68c\ub85c \ubcfc \uc218 \uc788\ub2e4\ub294 \ub73b\uc774\ub2e4. \uac15\uc138(\uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ubca0\ud305) \uc804\ub7b5\uc778 \ucf5c\uc635\uc158(call option, \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\u2014\uc608: \uc5ec\ub984 \ub9cc\uae30, \ud589\uc0ac\uac00(strike price, \uc635\uc158\uc5d0\uc11c \ubbf8\ub9ac \uc815\ud574\ub454 \ub9e4\ub9e4 \uac00\uaca9) 100\ub2ec\ub7ec \uadfc\ucc98\u2014\uac00 \ud0c0\ub2f9\ud574 \ubcf4\uc778\ub2e4. \uc678\uac00\uaca9(out-of-the-money, \uc9c0\uae08 \uac00\uaca9 \uae30\uc900\uc73c\ub85c \ub2f9\uc7a5 \uc774\uc775\uc774 \ub098\uc9c0 \uc54a\ub294 \uc0c1\ud0dc) \ud48b\uc635\uc158(put option, \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4(premium, \uc635\uc158 \uac00\uaca9\uc774\uc790 \ubc1b\uac70\ub098 \ub0b4\ub294 \ub3c8)\uc744 \ubc1b\ub294 \uc804\ub7b5\ub3c4, \ud070 \ud3ed \ud558\ub77d \uac00\ub2a5\uc131\uc774 \ub0ae\ub2e4\ub294 \ud310\ub2e8\uc5d0 \uae30\ubc18\ud558\uba74 \uace0\ub824\ud560 \uc218 \uc788\ub2e4.\n\n2022\ub144 \ub7ec\uc2dc\uc544\uc758 \uc6b0\ud06c\ub77c\uc774\ub098 \uce68\uacf5 \uc774\ud6c4\uc5d0\ub3c4 \ube44\ucd95\uc720 \ubc29\ucd9c\uc774 \ucd08\uae30 \uae09\ub4f1\uc744 \ud06c\uac8c \ub9c9\uc9c0 \ubabb\ud588\ub358 \ubc18\uc751\uacfc \ube44\uc2b7\ud55c \ud750\ub984\uc744 \ub5a0\uc62c\ub9b4 \uc218 \uc788\ub2e4. \ub0b4\uc7ac \ubcc0\ub3d9\uc131(implied volatility, \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \uac00\uaca9\uc774 \uc5bc\ub9c8\ub098 \ud754\ub4e4\ub9b4\uc9c0\u2019\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1)\uc774 \ub192\uac8c \uc720\uc9c0\ub418\uba74 \uc635\uc158\uc744 \uc0ac\ub294 \ube44\uc6a9\uc740 \ub298\uc9c0\ub9cc, \ubc18\ub300\ub85c \uc635\uc158\uc744 \ud314 \ub54c \ubc1b\uc744 \uc218 \uc788\ub294 \ub3c8\uc740 \ucee4\uc9c8 \uc218 \uc788\ub2e4. \uc774\ub7f0 \ub192\uc740 \ubcc0\ub3d9\uc131\uc740 \uacf5\ub3d9 \uacf5\uae09 \ub300\uc751\ubcf4\ub2e4 \uc9c0\uc815\ud559 \ub274\uc2a4(\uc804\uc7c1, \ubd84\uc7c1, \ud574\ud611 \ubd09\uc1c4 \uac19\uc740 \uad6d\uc81c \uc815\uce58\u00b7\uc548\ubcf4 \uc774\uc288)\uc5d0 \uc2dc\uc7a5\uc774 \ub354 \ubbfc\uac10\ud558\ub2e4\ub294 \uc810\uc744 \ubcf4\uc5ec\uc900\ub2e4.\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>IEA \uc0ac\uc0c1 \ucd5c\ub300 4\uc5b5 \ubc30\ub7f4 \ubc29\ucd9c\uc5d0\ub3c4 \uc720\uac00\ub294 \uc65c \uc62c\ub790\ub098? \uc774\ub77c\ud06c \ud56d\ub9cc \ud53c\uaca9\u00b7\ud638\ub974\ubb34\uc988 \ud574\ud611(\ud574\uc0c1 \ubb3c\ub3d9\ub7c9 20%) \ucc28\uc9c8 \uc6b0\ub824\uac00 \uacf5\uae09 \ubd88\uc548\uc744 \ud0a4\uc6cc \ube0c\ub80c\ud2b8\uc720\ub97c 90\ub2ec\ub7ec \uc774\uc0c1\uc73c\ub85c \ubc00\uc5b4\uc62c\ub838\ub2e4. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-40738","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=40738"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/40738\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=40738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=40738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=40738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}