Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz
Published . Updated .
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This report is about oil and tanker shipping. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “brent” (oil) in this story.
- XLE Energy Select Sector SPDR+8.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “brent” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- FRO Frontline+8.7% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways-3.9% 12d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+6.2% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “brent” (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 | +0.80% | -2.73% | base | +0.39% | -6.80% | after close | after close |
| XLE | +0.88% | -0.71% | base | +1.87% | -2.12% | after close | after close |
| BWET | -4.39% | -4.27% | base | +0.00% | -2.78% | after close | after close |
| FRO | -6.45% | -4.89% | base | +0.49% | -7.77% | after close | after close |
| DHT | -2.07% | -3.81% | base | -0.54% | -4.38% | after close | after close |
| INSW | -2.50% | -1.98% | base | -1.80% | -7.05% | after close | after close |
| TNK | -1.93% | -3.00% | base | -1.02% | -5.59% | after close | after close |
| XOM | +0.03% | -1.79% | base | +2.24% | -1.85% | 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.
Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz Crude Oil Prices Today | OilPrice.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | 0.00% | final price |
| BWET | the next day | -2.78% | final price |
| BWET | three days earlier | -4.27% | final price |
| BWET | five days earlier | -4.39% | final price |
| DHT | that day | -0.54% | final price |
| DHT | the next day | -4.38% | final price |
| DHT | three days earlier | -3.81% | final price |
| DHT | five days earlier | -2.07% | final price |
| FRO | that day | +0.49% | final price |
| FRO | the next day | -7.77% | final price |
| FRO | three days earlier | -4.89% | final price |
| FRO | five days earlier | -6.45% | final price |
| INSW | that day | -1.80% | final price |
| INSW | the next day | -7.05% | final price |
| INSW | three days earlier | -1.98% | final price |
| INSW | five days earlier | -2.50% | final price |
| TNK | that day | -1.02% | final price |
| TNK | the next day | -5.59% | final price |
| TNK | three days earlier | -3.00% | final price |
| TNK | five days earlier | -1.93% | final price |
| USO | that day | +0.39% | final price |
| USO | the next day | -6.80% | final price |
| USO | three days earlier | -2.73% | final price |
| USO | five days earlier | +0.80% | final price |
| XLE | that day | +1.87% | final price |
| XLE | the next day | -2.12% | final price |
| XLE | three days earlier | -0.71% | final price |
| XLE | five days earlier | +0.88% | final price |
| XOM | that day | +2.24% | final price |
| XOM | the next day | -1.85% | final price |
| XOM | three days earlier | -1.79% | final price |
| XOM | five days earlier | +0.03% | final price |
Strait of Hormuz
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 16 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 60 days before publication. Filed 25 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).
Where “Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz” sits: Strait of Hormuz
Geopolitics Alpha has 184 stories about Strait of Hormuz from the past 7 days and 491 stories from the past 30. That is faster than its usual pace over the past month. “Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz” is tagged to Strait of Hormuz.
How solid “Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz” looks
12 out of 100
“Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz” scores 12 out of 100. The score uses 1 sources.