The Zhitong Finance App learned that “three barrels of oil” were collectively lower. As of press release, CNPC shares (00857) fell 3.16% to HK$10.10; CNOOC (00883) fell 2.05% to HK$22.88; and China Petroleum & Chemical (00386) fell 1.04% to HK$4.775.

According to the news, according to media reports, negotiations on the nuclear issue between the US and Iran are progressing, and the two sides are expected to reach a preliminary agreement on Iran's uranium enrichment issue. Sources said that the US allowed Iran to enrich uranium at a concentration of 3.67% in the country, and Iran accepted it. The two sides are also arranging discussions on the return of International Atomic Energy Agency inspectors to Iran. Affected by this news, international oil prices plummeted on Monday. At one point, US oil fell more than 6% in the intraday market, and oil fell nearly 8%. At the same time, it was revealed that Iran has relented over the Hormuz issue, and the president stated that he is willing to use negotiations to break the “no war, no peace” impasse; Trump said he will not escalate the war in Iran, but he will make some adjustments to the cabinet.

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