Movement Alert｜PETROCHINA Rises 3.08% in Regular Trading, Hormuz Strait Blockade Persists as Middle East Supply Crisis Lifts Oil Stocks

Market Focus

Aug 11

On August 11, PETROCHINA rose 3.08% in regular trading, reaching HKD 9.875 per share, with turnover of HKD 84.98 million. The rally was driven by a sharp surge in international crude oil prices amid escalating Middle East supply disruptions.

Iran's Supreme National Security Council Secretary Zolghadr stated that the Strait of Hormuz will remain closed unless the US meets five conditions, including permanently halting military operations against Iran, lifting all sanctions, returning frozen assets, and paying reparations. The strait handles approximately one-fifth of global oil and gas shipments. Domestic crude oil futures rose over 3% in early trading, with the front-month contract reaching RMB 554.5 per barrel. Additionally, Houthi forces attacked a Saudi Aramco refinery, further tightening supply expectations.

US President Trump claimed the US has 100% control over the Hormuz Strait, while Iran's Foreign Minister stated there are currently no negotiations with the US, dimming prospects for a near-term resolution. Brent crude closed at USD 88.22 per barrel last week, with geopolitical risk premiums remaining elevated amid continued diplomatic deadlock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00857","symbol_name":"中国石油股份","start_time":0,"source_url":"","article_id":"1114433908","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114433908","pubTimestamp":1786412759,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On August 11, PETROCHINA rose 3.08% in regular trading, reaching HKD 9.875 per share, with turnover of HKD 84.98 million. 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