Geopolitical tensions have pushed up international oil prices. Since March, multiple sectors on the A-share market have shown strong performance.

Under the influence of tense geopolitical situation, since March, international oil prices have shown strong momentum, with Brent crude futures once approaching $120 per barrel, and currently around $105 per barrel. Benefiting from the surge in oil prices, several sectors have shown strong performance. Since March, the coal sector has risen by more than 6%, the coal chemical sector by more than 22%, and the oil extraction sector by nearly 15%. Industry experts stated that the escalating conflict in the Middle East, along with shipping disruption in the Strait of Hormuz, has led to a continuous surge in international oil prices, and short-term oil prices may continue to rise. Industries that benefit from the rising oil prices can be roughly divided into four categories: sectors directly benefiting from the rise in oil prices, sectors benefiting from substitution effects, sectors with strong pricing power, and sectors with inflation-resistant attributes.