{"id":51798,"date":"2026-07-17T06:00:20","date_gmt":"2026-07-17T06:00:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh\/uncategorized\/51798\/"},"modified":"2026-07-17T06:00:20","modified_gmt":"2026-07-17T06:00:20","slug":"%e4%bc%8a%e6%9c%97%e4%bf%83%e8%83%a1%e5%a1%9e%e6%ad%a6%e8%a3%9d%e5%a8%81%e8%84%85%e5%b0%81%e9%8e%96%e6%9b%bc%e5%be%b7%e6%b5%b7%e5%b3%bd%e3%80%80%e7%be%8e%e8%bb%8d%e7%a9%ba%e8%a5%b2%e6%8e%a8%e9%ab%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/51798\/","title":{"rendered":"\u4f0a\u6717\u4fc3\u80e1\u585e\u6b66\u88dd\u5a01\u8105\u5c01\u9396\u66fc\u5fb7\u6d77\u5cfd\u3000\u7f8e\u8ecd\u7a7a\u8972\u63a8\u9ad8\u6cb9\u50f9\u98a8\u96aa"},"content":{"rendered":"

\u64da\u8def\u900f\u793e\u5831\u9053\uff0c\u4f0a\u6717\u5df2\u8981\u6c42\u4e5f\u9580\u80e1\u585e\u6b66\u88dd\u6e96\u5099\uff0c\u4e00\u65e6\u7f8e\u570b\u6253\u64ca\u4f0a\u6717\u96fb\u529b\u57fa\u5efa\uff0c\u4fbf\u5c01\u9396\u7d05\u6d77\u77f3\u6cb9\u822a\u9053\u3002\u4e00\u540d\u63a5\u8fd1\u80e1\u585e\u7684\u6d88\u606f\u4eba\u58eb\u7a31\uff0c\u8972\u64ca\u822a\u904b\u7684\u6e96\u5099\u5de5\u4f5c\u5df2\u5b8c\u6210\uff0c\u5c0e\u5f48\u53ca\u7121\u4eba\u6a5f\u5df2\u90e8\u7f72\u65bc\u5df4\u5e03\u57c3\u723e\u66fc\u5fb7\u6d77\u5cfd\uff08Bab El-Mandeb Strait\uff09\u9644\u8fd1\u2014\u2014\u8a72\u6d77\u5cfd\u70ba\u9032\u5165\u7d05\u6d77\u7684\u9580\u6236\u3002\u540c\u4e00\u6d88\u606f\u4eba\u58eb\u53c8\u6307\uff0c\u4f0a\u6717\u4f0a\u65af\u862d\u9769\u547d\u885b\u968a\uff08IRGC\uff09\u4ee3\u8868\u5df2\u5728\u4e5f\u9580\uff0c\u4e26\u5c07\u638c\u63a7\u4f55\u6642\u5c01\u9396\u6d77\u5cfd\u7684\u6c7a\u5b9a\u3002<\/p>\n

\u7f8e\u570b\u5468\u4e94\u9023\u7e8c\u7b2c\u516d\u65e5\u52a0\u5f37\u5c0d\u4f0a\u6717\u7684\u653b\u64ca\u3002\u4f0a\u6717\u5b98\u5a92\u7a31\uff0c\u7f8e\u570b\u5468\u56db\u51cc\u6668\u65b0\u4e00\u8f2a\u7a7a\u8972\u9996\u6b21\u6ce2\u53ca\u5fb7\u9ed1\u862d\u5468\u908a\u5730\u5340\uff0c\u4e26\u540c\u6642\u6253\u64ca\u5176\u4ed6\u7701\u4efd\u3002\u7f8e\u570b\u4e2d\u592e\u53f8\u4ee4\u90e8\u8868\u793a\uff0c\u4e00\u8258\u99db\u5411\u970d\u723e\u6728\u8332\u6d77\u5cfd\u9644\u8fd1\u7684\u54c8\u683c\u5cf6\uff08Kharg Island\uff0c\u4f0a\u6717\u6700\u5927\u77f3\u6cb9\u51fa\u53e3\u78bc\u982d\u6240\u5728\u5730\uff09\u7684\u6cb9\u8f2a\u5728\u591a\u6b21\u8b66\u544a\u5f8c\u4ecd\u672a\u7406\u6703\uff0c\u7f8e\u65b9\u9042\u4ee5\u300c\u5730\u7344\u706b\u300d\u5c0e\u5f48\uff08Hellfire\uff09\u958b\u706b\u3002Tasnim \u5831\u9053\u7a31\u963f\u5df4\u65af\u6e2f\uff08Bandar Abbas\uff09\u3001\u683c\u4ec0\u59c6\uff08Qeshm\uff09\u53ca\u963f\u74e6\u58eb\uff08Ahvaz\uff09\u50b3\u51fa\u7206\u70b8\uff0c\u4e26\u6307\u963f\u5df4\u65af\u6e2f\u2014\u970d\u723e\u65af\u5766\u2014\u62c9\u723e\uff08Bandar Abbas-Khorstan-Lar\uff09\u6a4b\u6a11\u6210\u70ba\u76ee\u6a19\uff0c\u5361\u970d\u723e\u65af\u5766\uff08Kahorstan\uff09\u51fa\u73fe\u505c\u96fb\uff1bFars \u5831\u9053\u79d1\u5a01\u7279\u53ca\u5df4\u58eb\u62c9\uff08Basra\uff09\u4ea6\u807d\u5230\u5de8\u5927\u7206\u70b8\u8072\u3002\u5361\u5854\u723e\u570b\u9632\u90e8\u5468\u4e94\u8868\u793a\u5df2\u6514\u622a\u4e00\u5b97\u5c0e\u5f48\u8972\u64ca\u3002<\/p>\n

—<\/p>\n

\u884d\u751f\u54c1\u5e02\u5834\u5f71\u97ff\u8207\u6ce2\u52d5\u7387\u7b56\u7565<\/h3>\n

\u9451\u65bc\u5df4\u5e03\u57c3\u723e\u66fc\u5fb7\u6d77\u5cfd\u9762\u81e8\u76f4\u63a5\u5a01\u8105\u2014\u2014\u8a72\u822a\u9053\u6b77\u4f86\u6bcf\u65e5\u4fc3\u6210\u8fd1900\u842c\u6876\u539f\u6cb9\u53ca\u6210\u54c1\u6cb9\u901a\u884c\u2014\u2014\u5e02\u5834\u6b63\u9762\u5c0d\u524d\u6240\u672a\u898b\u7684\u4f9b\u61c9\u885d\u64ca\u3002\u672a\u4f86\u6578\u5468\uff0c\u884d\u751f\u54c1\u4ea4\u6613\u54e1\u9808\u805a\u7126\u300c\u505a\u591a\u6ce2\u52d5\u300d\uff08long-volatility\uff09\u7b56\u7565\u4ee5\u61c9\u5c0d\u6975\u7aef\u6ce2\u5e45\u3002\u6211\u5011\u5efa\u8b70\u8cb7\u5165\u50f9\u5916\uff08out-of-the-money\uff09\u5e03\u862d\u7279\u539f\u6cb9\u770b\u6f32\u671f\u6b0a\uff08Brent crude call options\uff09\uff1b\u56e0 Cboe \u539f\u6cb9\u6ce2\u52d5\u7387\u6307\u6578\uff08OVX\uff09\u5728\u4e2d\u6771\u91cd\u5927\u5347\u7d1a\u671f\u9593\u6b77\u4f86\u53ef\u98c6\u5347\u81f350\u4ee5\u4e0a\uff0c\u4ee4\u8cb7\u5165\u671f\u6b0a\u91d1\uff08premium-buying\uff09\u7684\u98a8\u96aa\u56de\u5831\u66f4\u5177\u5438\u5f15\u529b\u3002<\/p>\n

\u822a\u904b\u4e2d\u65b7\u8207\u80fd\u6e90\u4f9b\u61c9\u98a8\u96aa<\/h3>\n

\u91dd\u5c0d\u6cb9\u8f2a\u7684\u8972\u64ca\u53ca\u7d05\u6d77\u822a\u9053\u6f5b\u5728\u5c01\u9396\uff0c\u5c07\u8feb\u4f7f\u8239\u968a\u7e5e\u884c\u975e\u6d32\u597d\u671b\u89d2\uff0c\u4ee4\u822a\u7a0b\u6642\u9593\u6700\u591a\u589e\u52a014\u65e5\u3002\u6211\u5011\u9810\u671f\u6b64\u7b49\u64fe\u52d5\u6703\u63a8\u9ad8\u6d77\u904b\u6210\u672c\uff0c\u91cd\u6f14\u4ee5\u5f80\u5340\u57df\u5371\u6a5f\u4e2d\u6cb9\u8f2a\u79df\u8239\u904b\u8cbb\u65bc\u6578\u65e5\u5167\u6025\u5347\u903e150%\u7684\u60c5\u6cc1\u3002\u70ba\u628a\u63e1\u904b\u529b\u6536\u7dca\u5e36\u4f86\u7684\u6a5f\u6703\uff0c\u6211\u5011\u61c9\u5efa\u7acb\u9060\u671f\u904b\u8cbb\u5354\u8b70\uff08Forward Freight Agreements, FFAs\uff09\u7684\u9577\u5009\uff0c\u5c24\u5176\u662f\u8607\u4f0a\u58eb\u578b\uff08Suezmax\uff09\u53ca\u8d85\u5927\u578b\u6cb9\u8f2a\uff08VLCC\uff09\u76f8\u95dc\u5408\u7d04\u3002<\/p>\n

\u96a8\u7740\u7f8e\u8ecd\u6253\u64ca\u54c8\u683c\u5cf6\u9644\u8fd1\u7684\u4f0a\u6717\u57fa\u5efa\uff08\u8a72\u5730\u8655\u7406\u4f0a\u6717\u6bcf\u65e5\u7d04150\u842c\u6876\u539f\u6cb9\u51fa\u53e3\u4e2d\u7684\u7d0490%\uff09\uff0c\u5340\u5167\u4f9b\u61c9\u5373\u6642\u9762\u81e8\u98a8\u96aa\u3002\u6211\u5011\u5efa\u8b70\u5728\u5168\u7403\u539f\u6cb9\u57fa\u6e96\u4e0a\u5efa\u7acb\u725b\u5e02\u770b\u6f32\u50f9\u5dee\uff08bull call spreads\uff09\uff0c\u4ee5\u5c0d\u6c96\u73fe\u8ca8\u5e02\u5834\u7a81\u767c\u6027\u5be6\u7269\u77ed\u7f3a\u3002\u6b64\u5916\uff0c\u61c9\u5bc6\u5207\u76e3\u5bdf\u4e2d\u9593\u993e\u5206\u6cb9\u88c2\u89e3\u50f9\u5dee\uff08middle distillate crack spreads\uff09\uff0c\u56e0\u5728\u79d1\u5a01\u7279\u53ca\u5361\u5854\u723e\u9644\u8fd1\u7684\u4efb\u4f55\u5347\u7d1a\u90fd\u53ef\u80fd\u56b4\u91cd\u64fe\u4e82\u5340\u5167\u7149\u6cb9\u7522\u51fa\uff0c\u4e26\u89f8\u767c\u67f4\u6cb9\u53ca\u822a\u7a7a\u71c3\u6cb9\u884d\u751f\u54c1\u50f9\u683c\u6025\u5347\u3002<\/p>\n\n\n\n

\u7acb\u5373\u958b\u59cb\u4ea4\u6613 \u2014 \u9ede\u64ca\u6b64\u8655<\/a>\u958b\u8a2d\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u7d05\u6d77\u6cb9\u8def\u544a\u6025\uff1a\u4f0a\u6717\u4fc3\u80e1\u585e\u5099\u5c01\u9396\u5df4\u5e03\u57c3\u723e\u66fc\u5fb7\uff0cIRGC\u64ec\u638c\u63a7\u6642\u6a5f\uff1b\u7f8e\u8ecd\u9023\u65e5\u7a7a\u8972\u6ce2\u53ca\u54c8\u683c\u5cf6\u4f9b\u61c9\u3002\u4ea4\u6613\u54e1\u53ef\u90e8\u7f72\u505a\u591a\u6ce2\u52d5\u3001\u5e03\u862d\u7279\u50f9\u5916call\u3001FFAs\u9577\u5009\u53ca\u725b\u5e02\u50f9\u5dee\u5c0d\u6c96\u3002<\/p>\n","protected":false},"author":87,"featured_media":50619,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/51798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=51798"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/51798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media\/50619"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=51798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=51798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=51798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}