HK Stock Market Move | Oil stocks lead the decline as CNOOC (00883) drops more than 3%, international oil prices plunge as the US and Iran may resume negotiations.

Oil stocks lead the decline, as of press time, CNOOC (00883) fell 3.01% to HK$25.8; PetroChina (00857) fell 2.57% to HK$10.63; China Oilfield Services (02883) fell 2.49% to HK$9.02. On the news front, on April 14, crude oil plummeted, with WTI crude oil dropping more than 7%. As of press time, WTI crude oil fell below $91 per barrel, a 0.41% decrease; Brent crude oil also fell below $95 per barrel. According to CCTV News, on April 14 local time, US President Trump said in a recent interview that the US war with Iran has "ended". Trump said that talks with Iran could take place "in the next two days" in Pakistan. In addition, the UK-based maritime analysis company Winward released a report on the 14th, stating that despite the US blockade of all ships entering and leaving Iranian ports, some ships are still passing through the Strait of Hormuz, and navigation has not completely stopped due to the US blockade.