On September 28, PETROCHINA rose 3.29% in regular trading, trading at 9.715 HKD/share, with turnover of approximately 64.55 million HKD. Peer SINOPEC CORP gained 2.15%, reflecting broad-based strength across the integrated oil and gas sector.

The rally was primarily driven by heightened geopolitical risk following the collapse of US-Iran negotiations. Over the weekend, former President Trump formally rejected Iran's proposed \"seven-day ceasefire plan,\" which had envisioned the US lifting sanctions and economic blockades within days in exchange for Iran reopening the Hormuz Strait. Trump stated Iran overestimated its bargaining position and indicated military options remain under consideration. Iran's delegation departed New York with no plans for further talks, effectively ending the diplomatic window opened during the UN General Assembly.

The failed negotiations reinforce the geopolitical risk premium embedded in crude prices. Analysts estimate approximately 14 USD per barrel of Brent crude is attributable to Hormuz Strait-related risk. Brent crude closed near 99 USD/barrel last week, while WTI fell roughly 8% on the week amid volatile swings. Institutions project that if oil prices sustain around 100 USD/barrel, PETROCHINA's upstream operating profit could increase by approximately 28 billion RMB.

(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.)