International oil prices rise, Hong Kong stock oil and gas equipment stocks all advance, Baqian Oil Service up over 12%

MaticHoleFiller · 2026-04-10T09:28:10+00:00

International oil prices surged significantly due to Trump's strong warning to Iran, with Hong Kong stock oil and gas equipment stocks generally rising, and BQ Oilfield Services up over 12%. It is expected that more severe sanctions will be imposed on Iran in the coming weeks.

MaticHoleFiller

2026-04-10 09:28:10

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International oil prices surged, causing oil and gas equipment stocks in Hong Kong to rise collectively. Baixin Oil Services increased over 12%, Shandong Moluolong rose over 8%, Ruichang International Holdings gained over 5%, Dali Pu Holdings increased over 2%, China Oil Energy rose 2%, Sinopec Oilfield Service and CNOOC Petroleum Services both rose over 1%.

At 9 a.m. Beijing time today, U.S. President Donald Trump delivered an “important update” speech on Iran. During the speech, international oil prices surged sharply. As of the time of writing, Brent crude futures increased by over 4%. According to reports, President Trump stated that in the next two to three weeks, the U.S. will carry out extremely severe strikes on Iran. If no agreement is reached, the U.S. will target Iran’s power plants.

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