--- title: "The oil ETF Penghua Hongpan is trending upward, with geopolitical situations driving oil prices higher" type: "News" locale: "en" url: "https://longbridge.com/en/news/280740639.md" description: "Macquarie, the Australian investment bank, predicts that if the situation in Iran continues until June and the Strait of Hormuz is closed, oil prices could reach $200 per barrel. Founder Securities points out that oil prices are currently in a critical game phase, and the duration of the blockade will affect the oil price trend. If it extends to 12 weeks, oil prices could rise to $127 per barrel, and if it exceeds 25 weeks, it could reach $144 per barrel. If production cuts are triggered, oil prices may exceed $150. As of March 27, 2026, the China Securities Oil & Gas Index has risen by 0.34%" datetime: "2026-03-27T06:39:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280740639.md) - [en](https://longbridge.com/en/news/280740639.md) - [zh-HK](https://longbridge.com/zh-HK/news/280740639.md) --- # The oil ETF Penghua Hongpan is trending upward, with geopolitical situations driving oil prices higher In terms of news, Australia's investment bank Macquarie stated that if the situation in Iran continues until June and the key waterway, the Strait of Hormuz, remains closed, oil prices could reach a record high of $200 per barrel. Founder Securities pointed out that current oil prices are in a game-theory stage before a critical point, and market expectations regarding the duration of the blockade will determine the final height of oil prices; if the blockade extends to 12 weeks, oil prices may rise to $127 per barrel, and if it exceeds 25 weeks, it could enter the $144 per barrel range. Moreover, if a rigid production cut by oil-producing countries is triggered, oil prices may enter a new pricing range above $150. As of March 27, 2026, 14:09, the Guotai Oil & Gas Index (399439) rose by 0.34%, with constituent stocks such as Blue Flame Holdings rising by 7.50%, Haimer Technology rising by 5.25%, Shunfa Gas rising by 3.35%, China Merchants Energy rising by 3.18%, and Potential Energy rising by 2.64%. The oil ETF Penghua (159697) rose by 0.34%, with the latest price reported at 1.47 yuan. The oil ETF Penghua closely tracks the Guotai Oil & Gas Index, which reflects the changes in the securities prices of listed companies related to the oil and gas industry on the Shanghai and Shenzhen North Exchanges. Data shows that as of February 27, 2026, the top ten weighted stocks in the Guotai Oil & Gas Index (399439) are PetroChina, CNOOC, Sinopec, Jereh, China Merchants Energy, COSCO Shipping Energy, Guanghui Energy, Intercontinental Oil & Gas, Jiufeng Energy, and New Energy. The top ten weighted stocks account for a total of 67.92% ### Related Stocks - [159309.CN](https://longbridge.com/en/quote/159309.CN.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [TPYP.US](https://longbridge.com/en/quote/TPYP.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [EMLP.US](https://longbridge.com/en/quote/EMLP.US.md) - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) - [MLPX.US](https://longbridge.com/en/quote/MLPX.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [561760.CN](https://longbridge.com/en/quote/561760.CN.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [01033.HK](https://longbridge.com/en/quote/01033.HK.md) - [600028.CN](https://longbridge.com/en/quote/600028.CN.md) - [561360.CN](https://longbridge.com/en/quote/561360.CN.md) - [00883.HK](https://longbridge.com/en/quote/00883.HK.md) - [AMLP.US](https://longbridge.com/en/quote/AMLP.US.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [159026.CN](https://longbridge.com/en/quote/159026.CN.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [603353.CN](https://longbridge.com/en/quote/603353.CN.md) - [600938.CN](https://longbridge.com/en/quote/600938.CN.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) ## Related News & Research - [OPEC lowers 2026 global oil demand growth forecast](https://longbridge.com/en/news/286256123.md) - [Federal probes eye $1.7B oil trade before Iran war news](https://longbridge.com/en/news/286150222.md) - [Oil futures lose ground in early US trading](https://longbridge.com/en/news/287089289.md) - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [Record oil draw from US emergency reserve drives total volumes to two-year low](https://longbridge.com/en/news/286821970.md)