Asian refiners’ shipping quandary continues with renewed attacks and delays
Published . Updated .
There is no credible end in sight for the double whammy in the Middle East as Houthi attacks on Saudi Arabia continue amid the Hormuz choke
Directly affected
- No company is named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story.
- AAXJ iShares MSCI All Country Asia ex Japan ETF-6.5% 16d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- 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 (“saudi”).
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -1.29% | +1.72% | base | +0.37% | +2.25% | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -2.52% | -0.26% | base | +0.32% | +1.30% | after close | after close |
| AAXJNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.14% | +1.35% | base | +0.44% | — | after close | after close |
| CVX | -1.18% | +1.19% | base | +0.52% | — | 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.
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Asian refiners’ shipping quandary continues with renewed attacks and delays Lloyd's List
Source: Lloyd's List
Middle East
| Company | When | Move | Status |
|---|---|---|---|
| CVX | that day | +0.52% | superseded |
| CVX | three days earlier | +1.19% | final price |
| CVX | five days earlier | -1.18% | final price |
| USO | that day | +0.32% | final price |
| USO | the next day | +1.30% | final price |
| USO | three days earlier | -0.26% | final price |
| USO | five days earlier | -2.52% | final price |
| XLE | that day | +0.37% | final price |
| XLE | the next day | +2.25% | final price |
| XLE | three days earlier | +1.72% | final price |
| XLE | five days earlier | -1.29% | final price |
| XOM | that day | +0.44% | superseded |
| XOM | three days earlier | +1.35% | final price |
| XOM | five days earlier | -2.14% | 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 15 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 59 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 90 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 15 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 36 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 57 days before publication. Filed 7 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
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How solid the defense case looks
12 out of 100Price not final
“Asian refiners’ shipping quandary continues with renewed attacks and delays” scores 12 out of 100. The score uses 1 sources. The price is not final yet.