F Samsung Crude Oil Futures ETF Surges Over 2% in Late Trading Amid Geopolitical Tensions

Stock News05-12

F Samsung Crude Oil Futures (03175) rose more than 2% in late trading. As of press time, it was up 2.04% to HK$11.03, with a turnover of HK$5.6486 million. Market sources report that the United Arab Emirates has been secretly carrying out military strikes against Iran, with one attack in April hitting an Iranian refinery facility on Lavan Island in the Persian Gulf. The UAE has not publicly acknowledged these actions to date. Following the news of the UAE's covert strikes on Iran, international crude oil futures extended their gains, as market concerns over escalating conflict in the Gulf region and the risk of energy supply disruptions have intensified significantly. Separately, according to a report from China Central Television, on May 12 local time, Iranian Parliament National Security and Foreign Policy Committee spokesman Ibrahim Rezaei stated on social media that if Iran is attacked again, its response could involve raising the enrichment level of uranium to 90%. Rezaei indicated that this issue would be reviewed in parliament.

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