HK Stock Market Move | CNOOC (00883) fell more than 4% at the close of trading, signaling a cooling down of tensions in Iran, and international oil prices plummeted across the board overnight.

CNOOC (00883) fell more than 4% at the close, falling 3.93% as of the time of publication, reporting 29.3 Hong Kong dollars, with a turnover of 69.16 billion Hong Kong dollars. On the news front, US President Trump hinted at a possible agreement with Iran. International oil prices fell sharply on Monday, with both US and Brent crude oil falling more than 14% at one point and both closing down more than 10%. It is worth noting that there were reports in the afternoon today that Iran has received information from the US through mediators. According to Xinhua News Agency, since the outbreak of the US-Iran conflict, the global energy transportation "lifeline" of the Strait of Hormuz has been severely affected. Data from market service agencies show that since March, the number of merchant ships passing through this strait has decreased by 95% compared to before the conflict. Data shows that from March 1 to 4:00 pm Greenwich time on March 23, the number of merchant ships passing through the Strait of Hormuz was only 144 times, a 95% decrease from before the outbreak of the conflict on February 28.