A New Middle East Power Struggle Is Taking Shape in the Red Sea
Published . Updated .
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Saudi Arabia’s new defense alliance with Turkey and Pakistan is reshaping regional security calculations as rival powers expand their military presence around the Red Sea and Horn of Africa.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “red sea” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “red sea” (container shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story.
- KSA iShares MSCI Saudi Arabia ETF-8.2% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”).
- ZIM ZIM Integrated Shipping Services-2.6% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “red sea” (container shipping) in this story.
- MATX Matson-3.5% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “red sea” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | +38.94% | +24.54% | base | +0.00% | -13.59% | after close | after close |
| IYT | -0.44% | +0.77% | base | -1.04% | +2.12% | after close | after close |
| ITA | +2.67% | +5.93% | base | +1.37% | +5.24% | after close | after close |
| USO | +13.96% | +6.75% | base | +0.65% | -3.74% | after close | after close |
| KSA | -1.92% | -1.80% | base | +0.17% | +1.40% | after close | after close |
| AFK | -4.17% | -4.17% | base | +0.00% | — | after close | after close |
| ZIM | +3.37% | +6.77% | base | +1.98% | +4.48% | after close | after close |
| MATX | +4.82% | +3.93% | base | -0.54% | -1.45% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
A New Middle East Power Struggle Is Taking Shape in the Red Sea Crude Oil Prices Today | OilPrice.com
Middle East
| Company | When | Move | Status |
|---|---|---|---|
| AFK | that day | 0.00% | final price |
| AFK | three days earlier | -4.17% | final price |
| AFK | five days earlier | -4.17% | final price |
| BWET | that day | 0.00% | final price |
| BWET | the next day | -13.59% | final price |
| BWET | three days earlier | +24.54% | final price |
| BWET | five days earlier | +38.94% | final price |
| ITA | that day | +1.37% | final price |
| ITA | the next day | +5.24% | final price |
| ITA | three days earlier | +5.93% | final price |
| ITA | five days earlier | +2.67% | final price |
| IYT | that day | -1.04% | final price |
| IYT | the next day | +2.12% | final price |
| IYT | three days earlier | +0.77% | final price |
| IYT | five days earlier | -0.44% | final price |
| KSA | that day | +0.17% | final price |
| KSA | the next day | +1.40% | final price |
| KSA | three days earlier | -1.80% | final price |
| KSA | five days earlier | -1.92% | final price |
| MATX | that day | -0.54% | final price |
| MATX | the next day | -1.45% | final price |
| MATX | three days earlier | +3.93% | final price |
| MATX | five days earlier | +4.82% | final price |
| USO | that day | +0.65% | final price |
| USO | the next day | -3.74% | final price |
| USO | three days earlier | +6.75% | final price |
| USO | five days earlier | +13.96% | final price |
| ZIM | that day | +1.98% | final price |
| ZIM | the next day | +4.48% | final price |
| ZIM | three days earlier | +6.77% | final price |
| ZIM | five days earlier | +3.37% | final price |
The Middle East count beside this story
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “A New Middle East Power Struggle Is Taking Shape in the Red Sea” is tagged to Middle East.
How solid the energy case looks
12 out of 100
“A New Middle East Power Struggle Is Taking Shape in the Red Sea” scores 12 out of 100. The score uses 1 sources.