Oil ETF Climbs Again as Iran Imposes New Restrictions in Key Gulf Waterways

Stock News09-08 14:23

F三星原油期 (03175) extended its gains with a nearly 2% rise in Thursday trading, climbing 1.79% to HKD 11.35 per share, with turnover reaching HKD 1.7539 million.

The rally comes after Iran's Supreme National Security Council Secretary Ali Rezaei announced on September 6 that Tehran will enforce new restrictive measures across the Persian Gulf and Gulf of Oman. The newly designated exclusion zones extend from the US naval blockade line to loading ports, with vessels operating without prior coordination with Iran facing inclusion on sanction lists, potential insurance coverage failure, and future transit disruptions.

Adding to the geopolitical tension, Iran's Foreign Ministry spokesman Baghaei confirmed that a shipping management agreement between Iran and Oman regarding the Strait of Hormuz has entered its final stage. The pact includes provisions for a temporary safe maritime corridor, with plans to submit the arrangement for registration with the International Maritime Organization.

Global energy markets have responded with heightened anxiety, pushing Brent crude to touch USD 97.93 per barrel during intraday trading.

Analysts at 东吴证券 attribute the oil price surge to escalating US-Iran military confrontations and multiple tanker attacks in the Strait of Hormuz. Market concerns over potential waterway blockages and disruption to Middle East crude supplies have accelerated the geopolitical risk premium. Meanwhile, larger-than-expected draws on US crude inventories and expectations that Saudi Arabia will raise its official selling prices for Asian buyers have provided additional upward momentum for oil prices.

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