On July 10, COSCO Shipping Energy fell 5.14% in regular trading, trading at HKD 12.83/share with turnover of HKD 51.53 million. The decline was triggered by Iran's Islamic Revolutionary Guard Corps firing at least two missiles at commercial vessels transiting the Strait of Hormuz, severely damaging two ships and once again disrupting navigation through the critical waterway.

The incident came as the US-Iran post-war agreement faces termination, further escalating uncertainty over the strait's operational status. The stock has now retreated over 30% from its June highs, with the market deeply divided on the timeline for resumption of normal transit. Major institutional investors including BlackRock and JPMorgan had already reduced their positions in recent weeks, with BlackRock cutting its stake from 9.38% to 8.79% and JPMorgan lowering its holding from 7.41% to 6.27%, signaling a cautious stance amid persistently elevated VLCC freight rate volatility and unresolved geopolitical risks.

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