---
title: "Middle East Tensions Lift Oil Prices; CNOOC  Surges Over 5%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292001176.md"
description: "Middle East tensions, triggered by US airstrikes on Iran and revoked oil waivers, caused international oil prices to spike. Brent and NY futures rose over 2%. Consequently, major Chinese energy stocks surged: CNOOC jumped 5.4%, PetroChina gained 3.8%, and Sinopec rose 1.47% in Hong Kong trading."
datetime: "2026-07-08T02:20:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292001176.md)
  - [en](https://longbridge.com/en/news/292001176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292001176.md)
generator: "portal-rs"
---

# Middle East Tensions Lift Oil Prices; CNOOC  Surges Over 5%

The US launched a new round of airstrikes against Iran and revoked waivers allowing Iran to sell oil globally. After international oil prices spiked about 3% overnight (7th), Brent oil futures for September delivery climbed another 2.22% this morning (8th), while New York oil futures for August delivery also gained 2.36%.

The three major oils advanced. CNOOC (00883.HK) +1.120 (+5.308%) Short selling $202.25M; Ratio 22.027% last quoted at HKD22.24, up 5.4%, with trading volume of 31.139 million shares, involving HKD684 million. PETROCHINA (00857.HK) +0.320 (+3.579%) Short selling $268.29M; Ratio 35.777% last quoted at HKD9.28, up 3.8%, while SINOPEC CORP (00386.HK) +0.060 (+1.471%) Short selling $174.20M; Ratio 16.737% also added 1.47%.  
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-07 16:25.)

### Related Stocks

- [600938.CN](https://longbridge.com/en/quote/600938.CN.md)
- [00883.HK](https://longbridge.com/en/quote/00883.HK.md)
- [00857.HK](https://longbridge.com/en/quote/00857.HK.md)
- [600028.CN](https://longbridge.com/en/quote/600028.CN.md)
- [00386.HK](https://longbridge.com/en/quote/00386.HK.md)
- [601857.CN](https://longbridge.com/en/quote/601857.CN.md)
- [159731.CN](https://longbridge.com/en/quote/159731.CN.md)
- [516570.CN](https://longbridge.com/en/quote/516570.CN.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [561760.CN](https://longbridge.com/en/quote/561760.CN.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [563150.CN](https://longbridge.com/en/quote/563150.CN.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [561360.CN](https://longbridge.com/en/quote/561360.CN.md)
- [159309.CN](https://longbridge.com/en/quote/159309.CN.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [GUSH.US](https://longbridge.com/en/quote/GUSH.US.md)
- [DRIP.US](https://longbridge.com/en/quote/DRIP.US.md)
- [ERX.US](https://longbridge.com/en/quote/ERX.US.md)
- [ERY.US](https://longbridge.com/en/quote/ERY.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md)
- [DUG.US](https://longbridge.com/en/quote/DUG.US.md)
- [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md)
- [80883.HK](https://longbridge.com/en/quote/80883.HK.md)
- [HPCD.SG](https://longbridge.com/en/quote/HPCD.SG.md)

## Related News & Research

- [Citi: CNOOC  2Q Results In Line, Payout Ratio Slightly Lower](https://longbridge.com/en/news/297133124.md)
- [PetroChina Injects RMB4.2 Billion into Kunlun Capital to Advance Low‑Carbon Strategy](https://longbridge.com/en/news/297422950.md)
- [Oil jumps more than 2% after US attack on Iran's Larak island](https://longbridge.com/en/news/297436655.md)
- [Oil extends losses on hopes for Middle East talks to ease supply woes](https://longbridge.com/en/news/297119059.md)
- [Oil prices rise as latest fighting resurrects Middle East supply disruption risks](https://longbridge.com/en/news/297575875.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**