The Zhitong Finance App learned that on Friday, petroleum stocks generally rose, with ConocoPhillips (COP.US) rising more than 3%, Petrobras (PBR.US), Occidental (OXY.US), and British Petroleum (BP.US) rising more than 2%, and Chevron (CVX.US) and ExxonMobil (XOM.US) rising more than 1%. International oil prices continued to rise. Brent crude oil surpassed 116 US dollars/barrel and rose 2.53% during the day.

According to the news, according to CCTV news, the US Permanent Representative to the United Nations Michael Waltz said that the US is ready for a long-term confrontation with Iran, and the two sides may still be at an impasse after a year. At that time, the two sides may not have reached an agreement on Iran's nuclear program, and shipping in the Strait of Hormuz may not be able to return to pre-conflict levels.

Waltz hoped that Iran would “sit at the negotiating table” before this situation happened. Waltz said that US President Trump and the US Navy “have the ability to maintain the blockade of Iranian ports in the foreseeable future,” and that the US government is further increasing pressure on Iran's economy. According to him, America's strategic goals in this conflict can only be achieved if Iran's highly enriched uranium is disposed of and a substantial agreement is reached with Iran on uranium enrichment activities within the country.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.