On July 20, CNOOC rose 3.17% in regular trading, trading at HKD 23.56/share, with turnover of HKD 291 million. The stock continued its upward momentum as the ongoing US-Iran military conflict sustained elevated crude oil prices.

The US-Iran confrontation has intensified significantly in recent sessions. The US announced restoration of a maritime blockade on Iran, imposed a 20% fee on all cargo transiting the Strait of Hormuz, and launched consecutive nights of airstrikes targeting Iranian military installations. Iran ordered Houthi forces to seal the Mandeb Strait if US attacks escalate further, raising the risk of broader regional shipping disruptions. As of mid-July, Hormuz Strait transit volumes have declined materially, with Brent crude trading above USD 83/barrel after surging nearly 10% in a single session — the largest daily gain in over three months.

Within the Oil and Gas Exploration and Production sector, CNOOC-R gained 3.57% and UNITEDENERGY GP rose 2.99%, reflecting broad sector strength tied to geopolitical supply risks. Analysts note that CNOOC's Q2 earnings are positioned to benefit from the sustained oil price uplift.

(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.)