Geopolitics Alpha

Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption

Published . Updated .

Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption EnergyNow.com

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline

    Tanker operators earn more when freight rates spike

  • INSW International Seaways

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund

    Tracks U.S. crude prices when Gulf supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with a Gulf supply scare

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • STNG Scorpio Tankers

    Tanker operators earn more when freight rates spike

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRO-4.17%-5.40%—+5.54%+5.19%+0.27%-6.36%
INSW-2.70%-2.49%—+3.69%+4.30%-1.00%-5.62%
DHT-3.33%-3.73%—+6.49%+7.83%+1.26%-4.87%
TNK———————
USO———————
XLE———————
XOM———————
CVX-2.61%-3.22%—+1.43%+2.75%+4.76%+3.48%
STNG———————
DAL+1.16%+0.99%—-2.50%-3.18%-6.69%-4.98%

Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption EnergyNow.com

Source: EnergyNow.com

Price since this story was published: United States Brent Oil Fund (BNO)

Since the first closing price after “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” United States Brent Oil Fund (BNO) is +3.06%. The S&P 500 fund (SPY) is -1.47% over the same days, a +4.53% difference versus the market. energy stocks (XLE) is +0.92%, a +2.14% difference versus that group of stocks.

CompanyWhenMoveStatus
CVXthat day+1.43%final price
CVXthe next day+2.75%final price
CVXtwo days later+4.76%final price
CVXthree days later+3.48%final price
CVXthree days earlier-3.22%final price
CVXfive days earlier-2.61%final price
DALthat day-2.50%final price
DALthe next day-3.18%final price
DALtwo days later-6.69%final price
DALthree days later-4.98%final price
DALthree days earlier+0.99%final price
DALfive days earlier+1.16%final price
DHTthat day+6.49%final price
DHTthe next day+7.83%final price
DHTtwo days later+1.26%final price
DHTthree days later-4.87%final price
DHTthree days earlier-3.73%final price
DHTfive days earlier-3.33%final price
FROthat day+5.54%final price
FROthe next day+5.19%final price
FROtwo days later+0.27%final price
FROthree days later-6.36%final price
FROthree days earlier-5.40%final price
FROfive days earlier-4.17%final price
INSWthat day+3.69%final price
INSWthe next day+4.30%final price
INSWtwo days later-1.00%final price
INSWthree days later-5.62%final price
INSWthree days earlier-2.49%final price
INSWfive days earlier-2.70%final price
BNO
SPY
XLE

The Middle East count beside this story

Middle East has 0 linked stories in the last 7 days and 0 in the last 30 on the page that also carries “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption.”

Companies in energy around United States Brent Oil Fund (BNO)

Companies tied to this story

  • BNO United States Brent Oil Fund

    For “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • FENY

    For “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” FENY is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • IEZ Ishares U.S. Oil Equipment & Services Etf

    For “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • UGA United States Gasoline Fund

    United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence in the 12 Oct 2026 story “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    In “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • VDE Vanguard World Fd

    In “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” Vanguard World Fd (VDE) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    In “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 12 Oct 2026 story “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

United States Brent Oil Fund (BNO) and the energy link

United States Brent Oil Fund (BNO) is the company in “Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption,” the 12 Oct 2026 Middle East story.

United States Brent Oil Fund (BNO) is on the page because Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

A second company, FENY, is listed for a different reason: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

What this energy story puts on the calendar

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. FENY traded between 34.72 and 37.59 across 10 sessions. The latest close on file is 37.19. IEZ traded between 25.75 and 28.18 across 20 sessions. The latest close on file is 26.76.

The energy score for United States Brent Oil Fund (BNO)

46 out of 100

“Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption” scores 46 out of 100. The score uses 1 sources, and 15 linked companies.