Hong Kong Stock Concept Tracking | International oil prices surge! Brent crude oil jumps 13% ( Concept stocks included )

Crypto Daily News APP has learned that after attacks on Iran in the United States and Israel, international oil prices surged sharply. On Monday, Brent crude oil opened up 13%, reaching $82 per barrel. According to CCTV News, Iran’s Supreme Leader Khamenei was attacked and killed. The Iranian Islamic Revolutionary Guard Corps announced on the evening of the 28th that all ships are prohibited from passing through the Strait of Hormuz. There are reports that, with the halt of traffic for oil tankers and other ships passing through the Strait of Hormuz, the strait has effectively been closed. Barclays analysts wrote on Saturday that “the oil market may have to face the worst-case scenario on Monday. Given the current situation, we believe Brent crude oil could reach $100 per barrel.” The potential impact on the oil market cannot be overstated.

According to reports from Xinhua News Agency and others, in the afternoon of February 28 Beijing time, Israel launched a preemptive strike against Iran to eliminate threats to Israel, under the operation code “Roaring Lion.” An Israeli government official stated that Israel is preparing for a four-day intensive and powerful joint attack in the first phase. The U.S. military also expects to carry out multi-day operations against Iran. U.S. President Trump stated on March 1 local time that military actions against Iran could last about four weeks. Israeli Prime Minister Netanyahu also spoke, saying that in the coming days, Israel’s strikes on Iran will be further intensified.

With the death of Iran’s Supreme Leader Khamenei, the severity of this situation has exceeded expectations. Not only because the joint attack by the U.S. and Israel on OPEC member Iran continues to affect global markets, but also because it could lead to a serious disruption of Middle Eastern oil supplies.

Iran’s Islamic Republic produces about 3.3 million barrels of crude oil daily, accounting for 3% of global production, making it the fourth-largest oil producer in OPEC. However, due to its strategic geographic location, Iran’s influence on global energy supply far exceeds its production scale. Located on the side of the Strait of Hormuz, about one-fifth of the world’s crude oil is transported through this strait, mainly from key suppliers like Saudi Arabia and Iraq.

Real-time data from international oil tanker monitoring systems show that ships around the Strait of Hormuz are generally moving at zero speed, indicating that shipping in the area has come to a halt. Media tracking data also shows that, although the strait remains open, some oil tankers have chosen to reroute after the attack, leading to congestion at both entrances of the strait.

Previously, the oil market had long underestimated the risk of disruption to Middle Eastern oil supplies. Bob McNally, a former White House energy advisor to President George W. Bush and analyst at Rapidan Energy, said that traders have underestimated the threat posed by Iran’s subsequent retaliatory actions to the market.

McNally stated that Iran might try to intimidate President Trump by disrupting commercial navigation through the Strait of Hormuz, which could cause oil prices to soar above $100 per barrel. He also mentioned that the market has not yet realized that Tehran possesses a large number of sea mines and short-range missiles, which could severely disrupt traffic through this waterway.

According to McNally, only a small portion of oil passing through the Strait of Hormuz could be rerouted. Saudi Arabia has an east-west pipeline connecting the eastern oil fields to the Red Sea. The UAE also has an oil pipeline bypassing the Strait of Hormuz, ultimately reaching the Gulf of Oman.

Barclays analysts issued a recent research report on Saturday warning that the global oil market could face a critical turning point on Monday. Market risk sentiment is rapidly heating up, and the trend of international oil prices faces new uncertainties.

The report pointed out that, under the influence of multiple factors such as tightening supply, rising geopolitical risks, and increased market speculation, the crude oil market is highly sensitive. Analysts said, “The oil market may have to face the worst-case scenario on Monday.” Based on the current market environment, Barclays believes that Brent crude oil could rise to $100 per barrel.

Analysts emphasize that once oil prices reach or break through this key psychological level, the impact will go far beyond the energy industry itself. “This potential impact on the oil market cannot be overstated.”

The report also notes that current market focus is on the stability of crude oil supply, changes in inventory levels, and policies of major oil-producing countries. If supply disruptions persist or demand expectations improve, the upward momentum of oil prices could further strengthen. Meanwhile, capital flows in financial markets and speculative positions may amplify short-term price fluctuations.

Industry insiders believe that if Brent crude oil stabilizes above the $100 mark, it could trigger a reassessment of valuations in the energy sector and push related commodities higher. Market participants generally expect the coming days to be an important window for judging the medium-term trend of oil prices. Investors are closely watching market opening performance, upcoming inventory data, and macroeconomic signals to assess whether oil prices are entering a new upward cycle.

Related Concept Stocks:

PetroChina (00857): In the first three quarters of 2025, processed crude oil was 1,040.6 million barrels, up 0.4% year-on-year; ethylene production was 6.688 million tons, up 5.2%; chemical products volume was 29.59 million tons, up 3.3%. The refining, chemical, and new materials divisions continue to optimize equipment operation and product structure, deepen transformation and upgrading, and gradually move toward high-end refining and chemical industry chains, achieving an operating profit of RMB 16.24 billion, up 6.28% year-on-year. Among them, refining business achieved an operating profit of RMB 14.453 billion, up 22.68%; chemical business achieved an operating profit of RMB 1.787 billion, down 48.93%, mainly due to a decline in prices of most chemical products and narrowed gross profit margins.

CNOOC (00883): The company’s oil and gas production has increased rapidly, with a CAGR of 8.0% for crude oil and 10.5% for natural gas from 2021 to 2024. The company’s long-term production growth plans for 2025-2027 are 5.9%, 2.6%, and 3.8%, respectively, with stable growth trends. By 2024, the company’s oil and gas equivalent reserves are 7.3 billion barrels of oil equivalent, with the reserve cash flow value still undervalued. In the first three quarters of 2025, the main cost per barrel of oil was $27.35, a decrease of 2.8% year-on-year, significantly lower than PetroChina and Sinopec domestically, and lower than ExxonMobil, Chevron, and Shell overseas, demonstrating international competitiveness.

CNOOC Services (02883): In the first half of 2025, the utilization rate of drilling platforms reached 93.4%, an increase of 8 percentage points year-on-year; total asset turnover reached 0.6 times, up 3%. The company’s equipment leasing rate reached a historic high, with leasing costs down 5%. After the parent company CNOOC entered a new capital expenditure cycle during the 14th Five-Year Plan, driven by steady production demand, it is expected to bring stable workload to the domestic business. The company’s drilling platform utilization rate may continue to remain high. The company guides that in 2026, the system fee coverage rate may gradually increase from 50% to 80%, with unit workload costs decreasing by 2-5% year-on-year, and cost-profit margins increasing by 0.2-0.5 percentage points.