Aramco CEO warns of 2% GDP growth, >6% inflation, if Hormuz disruption continues – Chemicals and the Economy
Published . Updated .
This report is about oil and tanker shipping. Names like XOM typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “aramco” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “aramco” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “aramco” (tanker shipping) in this story.
- KSA iShares MSCI Saudi Arabia ETF-7.6% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“aramco”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 10d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Saudi Arabia
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Saudi Arabia.
- EEM iShares MSCI Emerging Markets ETF-0.0% 30d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Saudi Arabia
- XOM ExxonMobil Holdings+10.6% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (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 |
|---|---|---|---|---|---|---|---|
| USO | -5.13% | -5.78% | base | -1.59% | -3.69% | -1.69% | -1.37% |
| XLE | -2.19% | -1.69% | base | +0.30% | -1.51% | -1.24% | -0.87% |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| EMBNo price data for this ticker | — | — | — | — | — | — | — |
| EMLCNo price data for this ticker | — | — | — | — | — | — | — |
| EEMNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | +0.41% | -1.64% | -0.62% | -0.44% |
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.
Market Call
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Aramco CEO warns of 2% GDP growth, >6% inflation, if Hormuz disruption continues – Chemicals and the Economy ICIS
Source: ICIS
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| USO | that day | -1.59% | final price |
| USO | the next day | -3.69% | final price |
| USO | two days later | -1.69% | final price |
| USO | three days later | -1.37% | final price |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| XLE | that day | +0.30% | final price |
| XLE | the next day | -1.51% | final price |
| XLE | two days later | -1.24% | final price |
| XLE | three days later | -0.87% | final price |
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
| XOM | that day | +0.41% | final price |
| XOM | the next day | -1.64% | final price |
| XOM | two days later | -0.62% | final price |
| XOM | three days later | -0.44% | final price |
| XOM | three days earlier | -2.80% | final price |
| XOM | five days earlier | -2.72% | 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 11 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 55 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 86 days before publication. Filed 22 Sep 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 Strait of Hormuz has been lately
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Strait of Hormuz
12 out of 100
“Aramco CEO warns of 2% GDP growth, >6% inflation, if Hormuz disruption continues – Chemicals and the Economy” scores 12 out of 100. The score uses 1 sources.