China oil-themed LOFs opened sharply higher: Southern Crude Oil LOF, E Fund Crude Oil LOF and Harvest Crude Oil LOF rose more than 5%; Oil LOF and Huabao Oil & Gas LOF climbed over 3%; Petroleum Fund LOF and Global Oil & Gas Energy LOF gained over 2%. The move followed President Trump saying, “If Iran does not sign the agreement, tomorrow (EDT on the 11th) we will bomb them to smithereens,” calling the deal “the most violated ceasefire in history.” Iran announced it has closed the Strait of Horm

2026-06-11

China oil-themed LOFs opened sharply higher: Southern Crude Oil LOF, E Fund Crude Oil LOF and Harvest Crude Oil LOF rose more than 5%; Oil LOF and Huabao Oil & Gas LOF climbed over 3%; Petroleum Fund LOF and Global Oil & Gas Energy LOF gained over 2%. The move followed President Trump saying, “If Iran does not sign the agreement, tomorrow (EDT on the 11th) we will bomb them to smithereens,” calling the deal “the most violated ceasefire in history.” Iran announced it has closed the Strait of Hormuz to all vessels and said “unauthorised transits” will be targeted.