Renewed U.S.-Iran conflict leads to a strong opening for oil-themed LOFs

Golden Ten Data reported on July 9 that in early trading today, oil-themed LOFs opened significantly higher across the board. Harvest Crude Oil LOF, E Fund Crude Oil LOF, and Southern Crude Oil LOF all rose by more than 5%, Oil LOF was up nearly 3%, and Oil Fund LOF and Hua Bao Oil & Gas LOF also followed the upward trend. According to Iranian media, the US military base stationed in Kuwait was hit in a retaliatory attack by Iran. US President Trump stated that the previous attack on Iran was in retaliation for Iran's bombing of ships yesterday.