HUCNOOC@EC2611A.C (29102) News

Domestic refined oil prices will increase effective midnight tonight.

The National Development and Reform Commission (NDRC) announced that since the domestic refined oil price adjustment on July 3, international crude oil prices have fluctuated upward. The average price over the 10 working days preceding this adjustment was higher than that of the previous 10 working days before the last adjustment. In light of movements in international oil prices, effective at 24:00 on July 17 (today), domestic gasoline and diesel (standard grades) prices will be raised by RMB 300 and RMB 290 per metric ton, respectively.

AASTOCKS41minutes ago

U.S. forces conducted airstrikes on Iran for the fifth consecutive night, shipping traffic through the Strait of Hormuz has fallen to one-tenth of pre-war levels, and the White House stated that Iran is still engaged in dialogue with the U.S.

Iran reiterated that it has no hostile relations with its Gulf neighbors and warned that the Strait of Hormuz is a 'red line,' stating that if the United States attacks Iran's critical infrastructure, it will retaliate against infrastructure across the entire Gulf region. Shipping agency data showed that only 13 commercial vessels passed through the strait on the 16th. The White House stated that Iran ultimately seeks an agreement with the United States. It was reported that Iran informed Yemen's Houthi forces that if the U.S. strikes Iran's power grid, the group should block the Bab el-Mandeb Strait.

wallstreetcn05:27

Iran is reported to be planning to open a front at the Strait of Mandeb, with Houthi forces already deploying missile-equipped drones on standby.

According to three sources who spoke to Reuters on Thursday, Iran has asked Yemen's Houthi militants to prepare to shut down the Red Sea oil shipping route under specific conditions: if the United States attacks Iran's power infrastructure, the Houthis would take action at the Bab el-Mandeb Strait. This arrangement has been discussed within Iran's top leadership bodies and has already been communicated to the Houthi group.

Golden10 DataJul 16 21:00

Express News | CEO of Italian oil company Eni: The Strait of Hormuz crisis is shifting investment focus in the oil and gas sector toward East Asia and Latin America.

BreakingsJul 16 20:06

IEA: If the Hormuz Strait is not unconditionally reopened within weeks, the global economy will face new challenges.

International Energy Agency (IEA) Executive Director Fatih Birol stated that if the conflict disrupting the Strait of Hormuz is not resolved within a few weeks, the global economy will face new challenges. He noted that the heightened uncertainty stemming from escalating U.S.-Iran tensions is threatening the passage of oil, fertilizers, natural gas, and other goods through the strait, and markets are already feeling the strain. Following attacks on vessels and the reimposition of U.S. sanctions on Iranian shipping, visible maritime traffic through the strait has declined significantly over the past week, and Saudi Arabia’s oil loadings from within the Persian Gulf have dropped sharply after the attack on supertankers. Birol said,

AASTOCKSJul 16 09:55

Ongoing U.S.-Iran tensions continue to pose a threat, with the U.S. potentially taking further action to cap oil prices; the White House is reported to be considering another extension of the 'vessel sanctions' waiver.

According to reports, one option currently under discussion at the White House is to continue allowing foreign-flagged vessels to transport cargo between U.S. domestic ports, but potentially with added geographic restrictions, limiting applicability to specific regions only. In April, the Trump administration extended the Jones Act waiver by 90 days, through August 16.

wallstreetcnJul 16 04:52

Express News | U.S. Media: Trump Leans Toward Expanding Military Action Against Iran, Including Seizing Kharg Island

BreakingsJul 16 03:36

Express News | U.S. Central Command: Launched second wave of strikes against Iran on the same day

BreakingsJul 16 03:15

Wash: AI pushes up prices but not necessarily inflation; no inflation metric is precise, and Trump has not attempted to interfere with the Federal Reserve.

Worshe acknowledged that June CPI and PPI data showed improvement, but noted that inflation indicators do not perfectly reflect underlying inflationary conditions. He stated that one-off price changes do not necessarily lead to sustained inflation, and emphasized that the inflationary impacts of AI and external conflicts are fundamentally different when viewed through the lens of market supply-side responses. The AI boom has already driven up prices for chips and other components, and prices could rise further over the next 12 months; whether this evolves into broader inflation will depend on the Federal Reserve's actions. He added that he has 'repeatedly' told Trump that he is independent, that Trump has never asked him to do anything improper, and that if such a request were ever made, he would not comply.

wallstreetcnJul 16 03:09

Express News | Iran: No Negotiations Planned at Present; Focused on Defense

BreakingsJul 15 23:41

The U.S. military stated it carried out a 90-minute strike against Iran.

On the 15th, U.S. Central Command posted a statement on social media announcing that U.S. forces completed a 'morning strike' against Iran at 7:30 a.m. Eastern Time on the 15th (7:30 p.m. Beijing Time).

wallstreetcnJul 15 20:29

Iran Can Afford to Wait, Trump Cannot: A Strait of Hormuz Endurance Contest Under the Shadow of Midterm Elections

The extraordinary significance of this round of conflict lies in its potential to determine who controls the Strait of Hormuz.

Xuetao Macro NotesJul 15 16:55

Escalating tensions between the U.S. and Iran? Trump reportedly held a meeting in the White House Situation Room to discuss a 'devastating strike' against Iran.

Latest reports indicate that the United States may launch a larger-scale strike against Iran next.

cls.cnJul 15 16:31

Goldman Sachs: Gulf states are aggressively building oil pipelines; by the end of next year, over 45% of Gulf oil exports could bypass the Strait of Hormuz.

Goldman Sachs published a report stating that Gulf oil producers are systematically building pipelines to export crude oil, reducing their reliance on the Strait of Hormuz. Based on tracking seven pipeline and export infrastructure projects in the Gulf region that are under construction, in planning, or deemed viable, the bank estimates that by the end of next year, more than 45% of pre-war Gulf oil exports could bypass the strait entirely—a share that could rise to 60% by 2028. If construction accelerates, as much as 75% of oil exports could circumvent the strait by the end of 2028. Goldman Sachs noted that the ongoing construction will not materially affect near-term oil risk exposure, as currently the Gulf’s seven

AASTOCKSJul 15 11:37

Commodities: U.S. Continues Airstrikes on Tehran and Reimposes Blockade on Iranian Ports; Oil Prices Rise

Oil prices rose in volatile trading on Wednesday (15th) after U.S. forces launched another airstrike on Tehran, and Washington reinstated a naval blockade targeting Iranian ports near the Strait of Hormuz. West Texas Intermediate (WTI) crude oil futures for August delivery gained 1.01%, settling at $80.14 per barrel. September Brent crude futures rose 1.23%, closing at $85.77 per barrel. U.S. Central Command stated that, late Tuesday night (14th) local U.S. time, it conducted a new round of airstrikes against Iran lasting seven hours, targeting dozens of military sites near the Strait of Hormuz and along Iran’s coastline. Central Command added that the operation involved fighter jets, drones, and naval

AASTOCKSJul 15 11:18

Express News | Trump Reverses Decision to Impose Fees in the Strait of Hormuz

BreakingsJul 14 23:06

Express News | Iran declares that the U.S. has entered a formal state of war

BreakingsJul 14 20:00

Hong Kong Stocks: Hang Seng Index Closes Up 127 Points; Baidu Slumps Over 7%; 2x Leveraged Long SK Hynix Reverses to Gain 9%

Weighed down by heightened tensions in the Middle East and declines in semiconductor stocks, the three major U.S. equity indices closed lower, with SK Hynix’s ADR falling more than 9%. This morning (the 14th), the Hang Seng Index opened 52 points lower, with losses一度 expanding to over 300 points before rebounding to close at 24,340, up 127 points or 0.52%. Total market turnover amounted to HK$312.916 billion. The Hang Seng China Enterprises Index closed at 8,103, up 37 points or 0.46%, while the Hang Seng Tech Index ended at 4,679, gaining 3 points or 0.06%. Leading internet and tech stocks moved mixed, with Baidu-SW (09888.HK) down 7.2%.

AASTOCKSJul 14 16:35

Trump plays the blockade card again! Will crude oil prices only rise and hardly fall as the 'NACHO bet' makes a wild comeback?

Investors are being forced to accept the 'ghost story' they once feared most and are restarting 'NACHO' trades. Meanwhile, Trump's latest proposal to impose new fees on passing vessels has been directly criticized by industry insiders as effectively causing crude oil freight costs to surge by $16 per barrel.

Golden10 DataJul 14 15:46

Shenwan Hongyuan: Oil price benchmark rises, petrochemical earnings remain robustly high

The overseas energy crisis is accelerating the elimination of outdated production capacity, and large-scale domestic enterprises are poised to gain a significant advantage through stable supply chains.

Zhitong FinanceJul 14 14:06