F三星原油期 (03175) has surged nearly 5%, hitting an intraday high of HK$12.21 to reach a new yearly peak, with cumulative gains exceeding 100% since the start of the year. As of the latest trading update, the ETF was up 4.99% at HK$12.21, with a turnover of HK$12.41 million.

Market reports indicate that on September 10, Yemeni government officials stated that after naval forces withdrew from the strategically vital Hanish Islands in the Red Sea, Houthi militants have deployed troops on the archipelago. Analysts note that if the Bab el-Mandeb Strait and Iran-controlled Strait of Hormuz form a "dual-strait linkage" scenario, it could threaten approximately 25% of global crude oil supply security.

The Hanish Islands sit on the opposite side of the Arabian Peninsula, north of the Bab el-Mandeb Strait, near major international shipping lanes, holding critical strategic value for maritime traffic monitoring and navigation safety. 光大证券 analysts believe that escalating Middle East geopolitical conflicts have driven up crude oil's risk premium, with attacks on Saudi energy infrastructure further fueling concerns over potential supply disruptions.

Short-term oil price benchmarks are expected to remain elevated, prompting recommendations to watch the earnings leverage across upstream oil and gas exploration and oilfield services supply chains.