The military conflict between the US and Iran resumed after a month, and shipping safety in the Strait of Hormuz became the core trading line in the market, driving a sharp jump in international oil prices and a sharp rise in the domestic energy sector. On August 31, local time, the US military carried out a precise strike against a rocket launcher on Iran's Larak Island in the Strait of Hormuz. This was the first time that the US military launched a military operation against Iran after a period of one month since the large-scale air strike on July 29, breaking the silence on the battlefield between the two sides for several weeks. The US Central Command said the operation was a preventive defensive attack aimed at protecting the safety of global merchant shipping traffic. Iran immediately confirmed that it had fired ballistic missiles at the US military base in Jordan to fight back. Traffic conditions in the Strait of Hormuz have become a core variable affecting oil prices. According to the survey, the flow of oil through the Strait of Hormuz has recently risen to about 7 million to 8 million barrels per day, a significant increase from about 4 million barrels per day in mid-July, and has returned to about three-quarters of pre-conflict levels, but overall oil exports to the Middle East are still significantly lower than the level before the outbreak of the war. Currently, the market mainly deals with risk premiums due to anticipated shipping disruptions. The fundamental strength of crude oil is certain, but the current price should not be chased higher.

Zhitongcaijing · 1d ago
The military conflict between the US and Iran resumed after a month, and shipping safety in the Strait of Hormuz became the core trading line in the market, driving a sharp jump in international oil prices and a sharp rise in the domestic energy sector. On August 31, local time, the US military carried out a precise strike against a rocket launcher on Iran's Larak Island in the Strait of Hormuz. This was the first time that the US military launched a military operation against Iran after a period of one month since the large-scale air strike on July 29, breaking the silence on the battlefield between the two sides for several weeks. The US Central Command said the operation was a preventive defensive attack aimed at protecting the safety of global merchant shipping traffic. Iran immediately confirmed that it had fired ballistic missiles at the US military base in Jordan to fight back. Traffic conditions in the Strait of Hormuz have become a core variable affecting oil prices. According to the survey, the flow of oil through the Strait of Hormuz has recently risen to about 7 million to 8 million barrels per day, a significant increase from about 4 million barrels per day in mid-July, and has returned to about three-quarters of pre-conflict levels, but overall oil exports to the Middle East are still significantly lower than the level before the outbreak of the war. Currently, the market mainly deals with risk premiums due to anticipated shipping disruptions. The fundamental strength of crude oil is certain, but the current price should not be chased higher.