Petroleum ETF Penghua rises nearly 1%, Iran situation continues to cause oil prices to fluctuate at high levels

Ask AI · How Can Trump’s oil remarks trigger high market volatility?

In the news, on March 29, U.S. President Trump said in an interview with the British media that he wants to “seize” Iran’s oil, and he does not rule out occupying the Hormuz Island, a key hub for Iran’s oil exports.

Guotai Junan Securities pointed out that last week, crude oil prices rose amid high volatility. During the week, Trump’s statements about negotiating with Iran initially caused crude oil prices to drop sharply. However, later, Iran denied any contact with Trump, while attacks by Ukraine on Russian export facilities and the U.S.-Israel airstrikes on Iran’s infrastructure drew market attention again to potential supply disruptions and escalation of the conflict. As a result, crude oil prices stopped falling and rebounded significantly. Although the market believes Trump tends to exaggerate, there is no doubt that his remarks will trigger high volatility. Trump’s taco behavior also caused panic among long crude oil positions, abruptly ending the conflict. Coupled with the dynamics of U.S. military deployments, the firm tends to believe that the conflict is unlikely to be resolved in the short term and may escalate; however, the high-volatility environment will undoubtedly persist.

As of 09:31 on March 30, 2026, the Guozheng Oil and Natural Gas Index (399439) surged strongly by 1.00%. Among the constituent stocks, Man Petroleum rose 3.80%, Blue Flame Holdings increased 3.80%, Interoil & Gas gained 3.73%, Tianhao Energy, Jiumao Energy, and other stocks also moved higher in tandem. The Penghua Oil ETF (159697) increased by 0.95%, with the latest price at 1.49 yuan.

The Penghua Oil ETF closely tracks the Guozheng Oil and Natural Gas Index, which reflects the price changes of securities of listed companies related to the oil and natural gas industry on the Shanghai, Shenzhen, and Beijing stock exchanges.

Data shows that as of February 27, 2026, the top ten weightings in the Guozheng Oil and Natural Gas Index (399439) are China National Petroleum, CNOOC, Sinopec, Jereh Group, COSCO Shipping Energy, China Merchants Shekou Holdings, Guanghui Energy, Interoil & Gas, Jiumao Energy, and New Hope Shares. The combined weight of these top ten stocks accounts for 67.92%.