HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rises by over 7% again, Iran tension continues, recent oil shipping prices remain high.

COSCO Shipping Energy Transportation (01138) rose by more than 7%, and at the time of publication, it was up 4.48% to HK$17.97, with a turnover of HK$39.1263 million. On the news front, it has been reported that the US military has deployed aircraft, surveillance planes, drones, and other forces in Jordan, Saudi Arabia, Bahrain, the UAE, and other countries. In addition, US President Trump is considering a "limited-scale" military strike against Iran to force it to accept US demands for the nuclear agreement. It is worth noting that there have been reports that the US is considering seizing Iranian oil tankers to exert pressure. Cathay Haitong released a research report stating that since 2026, geopolitical tensions have been high, ship owners are optimistic, and overseas ship owners are increasing their control of the charter market, with oil shipping prices remaining high recently. Middle East-China VLCCTCE remains above 120,000 USD. The report suggests that ship owners' sentiment may continue to affect short-term shipping prices and advises watching for the upward trend in shipping prices. The bank expects oil tanker profits to increase several times year-on-year in Q1 2026.