Movement Alert|PetroChina Falls 3.1% in Regular Trading, US-Iran Ceasefire Agreement Continues to Pressure Oil Prices

Market Focus06-18

On June 18, PetroChina (00857.HK) fell 3.1% in regular trading, trading at HKD 9.14 per share, with turnover of HKD 522 million. The stock has been declining for multiple consecutive sessions since June 9.

On the news front, the United States and Iran recently reached a consensus on a memorandum of understanding aimed at an immediate ceasefire, lifting maritime blockades, and gradually unfreezing Iranian assets, leading to a substantial easing of Middle East geopolitical tensions. WTI crude oil futures have retreated sharply from a recent high of $93.50 per barrel to around $80, a decline of approximately 14%. Institutions estimate that roughly $15-20 of the prior oil price surge represented geopolitical risk premium, which is now rapidly dissipating as ceasefire signals continue to materialize. The three major Hong Kong-listed oil majors have been collectively under pressure, with SINOPEC CORP also declining 2.12% in the same session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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