On June 25, CNOOC fell 3.12% in regular trading, trading at 21.3 HKD/share, with turnover of HKD 337 million.

On the news front, following the signing of the US-Iran memorandum of understanding and full reopening of the Strait of Hormuz, over 30 million barrels of Iranian crude have been shipped to Asia in the past week, far exceeding market expectations. The accelerated unwinding of geopolitical risk premium has pushed WTI crude futures below $73. Deutsche Bank noted that the geopolitical premium dissipation process is still ongoing, with near-term oil price pressure unchanged.

The Strait of Hormuz handles approximately 20% of global seaborne oil daily. Goldman Sachs previously estimated that $15-20 of the WTI crude price contained geopolitical risk premium, which is now rapidly dissipating following the strait reopening. Hong Kong-listed oil and gas stocks continued broad weakness, with PetroChina and Sinopec declining in tandem.

(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.)