The Samsung Crude Oil Futures (03175) rose by more than 4%, reaching an increase of 4.14% at the time of publication, closing at 10.81 Hong Kong dollars, with a turnover of 150.513 million Hong Kong dollars. On the news front, according to market media reports on May 10th, Iran has rejected the ceasefire proposal put forward by the United States. Iran's response includes points such as lifting the naval blockade, lifting sanctions on Iranian oil sales within 30 days, and unfreezing Iranian assets. On the same day, U.S. President Trump expressed dissatisfaction with Iran's response on social media, calling it "completely unacceptable." After Trump's rejection of Iran's latest long-term peace proposal, WTI crude oil futures prices surged significantly at the start of Asian session trading on Monday, with Brent crude oil (cash) futures rising violently by 3.5% to a key resistance level of $105 per barrel, while WTI crude oil futures surged to nearly $100 per barrel. A Citibank research report pointed out that if long-term peace negotiations between the United States and Iran continue to be thorny, leading to a long-term blockade of the Strait of Hormuz, Brent crude oil prices may further increase from the recent retreat near $100, possibly even reaching a new high in the short term.