The oil ETF Penghua rose over 1.1%, as the U.S. crackdown on Hark Island may lead to ongoing or escalating conflicts
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U.S. President Trump stated that the strike on Iran's Khark Island has "completely destroyed" most of the area, and further strikes may continue. China International Capital Corporation (CICC) pointed out that the loading volume of Saudi Arabia's East-West pipeline has risen to 2.9 million barrels per day, and the alternative export capacity at Yanbu port in the Red Sea has increased, with route risk premiums supporting high VLCC freight rates. The CNI Oil & Gas Index rose by 1.12%, and the Penghua Oil ETF increased by 1.11%
Source: 腾讯新闻 - 财经 The copyright of this article belongs to the original author/organization.
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