Shandong Molong (00568) rose more than 4% today, following a decline of over 9% in the previous trading session. As of the time of writing, the stock advanced 5.03% to HK$7.72, with a turnover of HK$271 million. The rebound comes as renewed military exchanges between the US and Iran cast a shadow over negotiation prospects, driving a recovery in international oil prices. Brent crude has climbed back above the $100 per barrel mark. The US Central Command reported that Iran launched attacks on three American naval vessels, to which US forces responded by striking Iranian military facilities. Former President Trump characterized the military action as a "light touch," emphasizing that the ceasefire with Iran remains in effect but warning that Tehran would face stronger strikes if it fails to sign an agreement promptly. Notably, prior indications from multiple sources suggested that the US and Iran were close to reaching an interim agreement; however, key US concerns were not incorporated into the draft, which was merely a one-page memorandum rather than a comprehensive peace accord.