F Samsung Crude Oil Futures (03175) rose more than 4% before noon. At the time of reporting, the stock was up 4.04% to HK$11.6, with a turnover of HK$10.35 million.
Market reports indicate that the United States has rejected Iran's "14-point" written proposal to end the war. The U.S. government reportedly responded to the proposal, rejecting Tehran’s plan and "reiterating its tough stance," particularly on nuclear issues.
According to financial news reports, due to the uncertain prospects of U.S.-Iran negotiations, crude oil exports from the Middle East continue to face disruptions. International oil prices rose significantly last week, with the main U.S. crude oil futures contract gaining 10.48% and the main Brent crude oil futures contract rising 7.87%.
A wealth management futures perspective suggests that although the U.S.-Iran confrontation has not substantially de-escalated, the premium of physical crude oil over Brent has significantly narrowed from over $30 per barrel, indicating that the market is balancing between easing risks and declining inventories.
Currently, a small number of vessels have passed through the Strait of Hormuz, but traffic remains far from normal levels, and supply disruptions have not been resolved. Geopolitical risks have not truly subsided, and the crude oil market remains at a critical juncture. If the effective blockade of the Strait of Hormuz is prolonged, crude oil futures and spot prices could experience significant volatility again.
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