HK Oil Stocks Surge 5% Amid Strait of Hormuz Tensions
2026-07-20 10:04

Woofun AI data shows that Hong Kong-listed energy equities advanced, with CNOOC (00883.HK) and PetroChina (00857.HK) each posting gains exceeding 5%. Sinopec (00386.HK) climbed more than 2%, and Shanghai Petrochemical (00338.HK) rose nearly 2%.

The market movement coincided with a statement from Iran's Islamic Revolutionary Guard Corps, which claimed that two oil tankers were prevented from continuing their voyage through the southern channel of the Strait of Hormuz following explosions. The IRGC alleged that the US military instigated and coerced the vessels into attempting the passage late on the 19th local time.

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