Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll
Published . Updated .
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This report is about oil and tanker shipping.
Directly affected
- AFLYY Air France-KLM (EPA: AF)
Named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “middle east” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “middle east” (tanker 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 “middle east” (defense) in this story.
- EWQ iShares MSCI France ETF-6.3% 8d
iShares MSCI France ETF holds stocks listed in France, which this story is about (“france”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story.
- COP ConocoPhillips+11.1% 19d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| AFLYYNon-US listing (OTC); price checks may stay empty | — | — | — | — | — | — | — |
| USO | +15.71% | +7.84% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| BWET | +32.30% | +28.62% | base | after close | after close | after close | after close |
| ITA | +0.76% | +0.87% | base | after close | after close | after close | after close |
| EWQ | -3.38% | -2.62% | base | after close | after close | after close | after close |
| XOM | +8.08% | +6.08% | base | after close | after close | after close | after close |
| CVX | +6.66% | +5.01% | base | after close | after close | after close | after close |
| COP | +9.55% | +7.27% | base | after close | after close | 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.
Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll WSJ
Source: The Wall Street Journal
How far United States Oil Fund (USO) has moved since 5 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +28.62% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +32.30% | final price |
| Conocophillips (COP) | three days earlier | +7.27% | final price |
| Conocophillips (COP) | five days earlier | +9.55% | final price |
| Chevron (CVX) | three days earlier | +5.01% | final price |
| Chevron (CVX) | five days earlier | +6.66% | final price |
| Ishares (EWQ) | three days earlier | -2.62% | final price |
| Ishares (EWQ) | five days earlier | -3.38% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | +0.87% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | +0.76% | final price |
| United States Oil Fund (USO) | three days earlier | +7.84% | final price |
| United States Oil Fund (USO) | five days earlier | +15.71% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +6.08% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.08% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 66 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 43 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 71 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 73 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How busy Middle East has been lately
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll” is tagged to Middle East.
Who gains and who pays if Middle East stays in the story
Companies mentioned with this story
- USO United States Oil Fund
For “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “middle east” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “middle east” (tanker shipping) in this story
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “middle east” (defense) in this story
- EWQ Ishares
For “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll,” Ishares (EWQ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI France ETF holds stocks listed in France, which this story is about (“france”)
- XOM ExxonMobil Holdings
For “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story
- CVX Chevron
For “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story
From Middle East to United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll,” the 5 Nov 2026 Middle East story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “middle east” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Oil Fund (USO)
46 out of 100
“Air France-KLM Forecasts Higher Fuel Bill as Middle East Tensions Take Toll” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.