Movement Alert｜PetroChina Rises 3.68% in Regular Trading, WTI Crude Surges Over 9% as US-Iran Conflict Escalates

Market Focus07-14

On July 14, PetroChina (00857.HK) rose 3.68% in regular trading, trading at HK$9.54/share, with turnover of HK$155 million, as oil and gas stocks broadly strengthened in the Hong Kong market.

On the news front, WTI crude oil surged more than 9% overnight following a major escalation in the US-Iran conflict. US President Trump formally notified Congress that war with Iran has re-erupted. Additionally, Trump announced the resumption of a naval blockade on Iran and the imposition of a 20% fee on cargo transiting the Strait of Hormuz. US Central Command confirmed that the military launched a third consecutive night of airstrikes against Iran on July 13 at 4:45 PM Eastern Time. Sector peers also rallied, with Sinopec Oilfield Service rising 5% and Shandong Molong surging 13%.

PetroChina is a major integrated oil and gas company engaged in exploration, production, refining, and distribution of petroleum and natural gas products across China. The company operates through upstream oil and gas, refining and chemicals, marketing, natural gas sales, and headquarters segments.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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