COSCO SHIP ENGY (01138) fell more than 4% during late trading. As of the latest update, the stock declined 3.42% to HK$18.09, with a turnover of HK$2.032 billion. On the news front, according to reports, Amir Heydari, deputy commander of Iran's Khatam al-Anbiya Central Headquarters, stated in an interview on the morning of the 5th local time that Iran has not blocked the Strait of Hormuz. Heydari mentioned that Iran is currently handling vessels passing through the strait in accordance with international regulations and established agreements. China Securities previously released a research report expressing optimism for the tanker shipping market under potential transport restrictions in the Strait of Hormuz. The report indicated that the market would evolve in three stages: short-term freight rate volatility, medium-term VLCC capacity tightness driving up freight rates, and a post-restriction demand surge leading to further freight rate adjustments. It emphasized monitoring Brent crude prices and cautioned that sustained high oil prices could trigger economic fluctuations, impact oil consumption, and subsequently affect the tanker shipping market.