The Zhitong Finance App learned that some oil and gas stocks opened higher. As of press release, Shandong Molong (00568) rose 14.99% to HK$6.29; Sinopec Oil Services (01033) rose 5% to HK$0.63; CNPC (00857) rose 3.57% to HK$9.58; and CNOOC (00883) rose 2.43% to HK$22.8.

According to news, the US-Iran conflict continues to escalate. New York crude oil and Brent crude both closed up nearly 10% last night. As of press release, Brent crude oil surpassed $84 per barrel. According to news from the US side on the 13th, US President Trump has officially notified Congress that the war in Iran has broken out again. Additionally, Trump said that the maritime blockade against Iran will be resumed and that 20% of the shipping fee for the Strait of Hormuz will be charged. The US Central Command said that the US military launched the third consecutive night of air strikes against Iran at 4:45 p.m. EST on July 13.

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