COSCO SHIP ENGY (01138) rose more than 11% during morning trading. As of the time of writing, the stock was up 10.32%, trading at HKD 19.78, with a turnover of HKD 316 million. According to reports from U.S. officials, former President Trump has indicated to aides his willingness to end military action even if the Strait of Hormuz remains largely closed. Iranian President Pezeshkian stated that Iran is willing to end the war, provided its demands are met, particularly guarantees against future aggression. GF Securities noted that if navigation through the Strait of Hormuz resumes, sustained inventory replenishment demand is expected to provide new upward momentum for the VLCC market. Dongguan Securities released a research report stating that since the end of 2025, Europe and the United States have gradually tightened sanctions on shadow fleets. Meanwhile, Sinokor Merchant Marine has seized the opportunity to rapidly acquire tanker assets, gaining control of a significant amount of idle shipping capacity through fleet acquisitions and long-term charters, thereby tightening liquidity in the tanker market. Following the U.S.-Israel-Iran conflict and the subsequent blockade of the Strait of Hormuz, it is anticipated that in most scenarios, the tanker market will experience prolonged prosperity, with freight rates potentially remaining elevated for longer than market expectations under extreme conditions.