F三星原油期 (03175), an energy-related ETF, has rebounded strongly in recent trading, climbing more than 2% as geopolitical risk premiums return to the crude oil market. At the time of writing, the ETF advanced 2.34% to HK$11.79, with trading turnover reaching HK$704,000. This uptick comes as international oil prices break a consecutive losing streak that had persisted over the prior five sessions.

Market reports indicate that on September 23, Iranian President Pezeshkian delivered a speech at the United Nations General Assembly, firmly declaring that Iran would "never surrender" and would not yield to pressure stemming from power politics or military threats. Adding to the geopolitical tension, Iran's Foreign Ministry spokesperson outlined stringent conditions for reopening the Strait of Hormuz, which include a permanent cessation of US military operations, lifting of the maritime blockade and all sanctions, return of frozen assets, and full compensation for damages.

These developments have had an immediate impact on global energy prices. As of September 23, Brent crude settled 3.86% higher at $103.08 per barrel, while WTI crude gained 1.81% to close at $92.16 per barrel, effectively ending the downward trend observed over the previous five trading days. The market's response underscores how sensitive crude prices remain to Middle East developments, with traders factoring in heightened supply disruption risks.

According to Haitong Futures, the Middle East situation continues to serve as the core anchor for oil prices. The firm suggests that significant downside room for crude is currently limited, with prices likely to maintain a high-level range-bound pattern with wide fluctuations in the near term. This outlook reflects the persistent uncertainty surrounding regional stability and its direct implications for global energy supply chains, keeping investors alert to potential volatility in both physical and derivative energy markets.