Group 1 - Iran has accepted the US proposal for a ceasefire with Israel, leading to a formal announcement of the ceasefire on June 24 [1] - The conflict raised concerns about the potential closure of the Strait of Hormuz, which could increase transportation costs and push oil prices up to $120-$130 per barrel [1] - Following the ceasefire announcement, international crude oil futures saw a significant drop, with WTI crude falling 7.22% to $68.51 per barrel and Brent crude down 7.18% to $71.48 per barrel [1] Group 2 - The ceasefire has negatively impacted the capital market, with A-share energy equipment and oil and gas exploration stocks experiencing a collective decline [1] - Shandong Molong's stock had previously surged, achieving a cumulative increase of over 95% from June 13, with multiple trading days of limit-up [1] - Morgan Stanley's report indicates that geopolitical sell-offs are typically short-lived and limited in magnitude, with oil prices often quickly reverting after initial spikes [2] - Shandong Molong reported Q1 2025 revenue of 291 million yuan, a 50.51% year-on-year increase, but still posted a net loss of 4.91 million yuan [2] - Q1 2025 revenue for Jun Oil Co. was 30.18 million yuan, a 27.51% year-on-year decline, with a net loss of 15.65 million yuan [2]