In early trade, China-listed oil-themed LOFs opened sharply higher: Harvest
Crude Oil LOF, E Fund Crude Oil LOF and Southern Crude Oil LOF rose over 5%,
while a broader oil LOF was up nearly 3%; oil fund LOFs including Huabao Oil &
Gas LOF also gained. Iranian media reported a retaliatory strike on a US
military base in Kuwait. President Trump said an earlier attack on Iran was
retaliation for Iran’s bombing of ships yesterday.