STOCKS | China Oilfield Services Shares Open Higher as Fars News Reports Hormuz Traffic Falls to Zero
2026-07-20 01:29:42
China's A-share oilfield services and engineering sector opened higher, with Keli Shares rising more than 8%, Tongyuan Petroleum gaining nearly 5%, and shares including Zhenhua Oil, China Oilfield Services, China Petroleum Engineering, BeiKen Energy, and CNPC Capital following higher. According to Jin10, Fars News Agency reported on the 19th, citing sources, that traffic through the Strait of Hormuz had fallen to zero and that the strait would remain closed as long as the United States continued its provocative actions.
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