Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington
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This report is about natural gas and oil.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story.
- LNG Cheniere Energy+13.7% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- EQT Eqt+7.6% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- KMI Kinder Morgan+5.0% 5d
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- WMB The Williams Companies
The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | +4.28% | -0.44% | base | +1.97% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -5.91% | after close | after close | after close |
| USO | +5.38% | +6.75% | base | -8.53% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -15.67% | after close | after close | after close |
| LNG | -4.34% | +6.17% | base | -6.49% | after close | after close | after close |
| EQT | +3.64% | +2.07% | base | -3.42% | after close | after close | after close |
| KMI | +2.07% | +2.98% | base | -4.18% | after close | after close | after close |
| WMB | +2.46% | +2.59% | base | -6.04% | 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.
Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington Natural Gas Intelligence
Source: Natural Gas Intelligence
What happened to United States Natural Gas Fund (UNG) the last 15 times Strait of Hormuz was in the news
In the last 15 similar stories, United States Natural Gas Fund (UNG) moved an average of -4.67% the next day. The best was -4.67% and the worst was -4.67%, from 1 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Natural Gas Fund (UNG) | the next day | -4.67% | -4.67% | -4.67% | 1 |
| United States Natural Gas Fund (UNG) | three days later | -6.49% | -6.49% | -6.49% | 1 |
| Select Sector Spdr Tr (XLE) | the next day | -0.14% | +3.24% | -1.69% | 15 |
| Select Sector Spdr Tr (XLE) | three days later | -0.19% | +2.27% | -1.42% | 14 |
| United States Oil Fund (USO) | the next day | +1.31% | +3.26% | +0.26% | 15 |
| United States Oil Fund (USO) | three days later | -0.58% | +6.12% | -4.19% | 14 |
| Amplify Commodity Trust (BWET) | the next day | +2.44% | +4.46% | +0.48% | 12 |
| Amplify Commodity Trust (BWET) | three days later | +2.39% | +4.59% | -6.70% | 12 |
- Iran Says Oil Tanker Hit Naval Mines in Strait of Hormuz
- Precious metals weaken as Hormuz uncertainty keeps oil elevated ahead of Fed decision - Kitco AM Report
- Iran threatens 'legal action' against South Korean shipping company in Strait of Hormuz
- Oil Tanker Catches Fire After Hitting Naval Mine Near Strait of Hormuz
- Iran army says oil tanker on fire after hitting mines in Hormuz
- Iraq revives shipping line after 50 years as Hormuz crisis bites
United States Natural Gas Fund (UNG) compared with energy stocks (XLE) since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -15.67% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Eqt (EQT) | that day | -3.42% | still updating |
| Eqt (EQT) | three days earlier | +2.07% | final price |
| Eqt (EQT) | five days earlier | +3.64% | final price |
| Kinder Morgan (KMI) | that day | -4.18% | still updating |
| Kinder Morgan (KMI) | three days earlier | +2.98% | final price |
| Kinder Morgan (KMI) | five days earlier | +2.07% | final price |
| Cheniere Energy (LNG) | that day | -6.49% | still updating |
| Cheniere Energy (LNG) | three days earlier | +6.17% | final price |
| Cheniere Energy (LNG) | five days earlier | -4.34% | final price |
| United States Natural Gas Fund (UNG) | that day | +1.97% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -0.44% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | +4.28% | final price |
| United States Oil Fund (USO) | that day | -8.53% | still updating |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Williams Companies (WMB) | that day | -6.04% | still updating |
| Williams Companies (WMB) | three days earlier | +2.59% | final price |
| Williams Companies (WMB) | five days earlier | +2.46% | final price |
| Select Sector Spdr Tr (XLE) | that day | -5.91% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 79 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 82 days before publication. Filed 14 Oct 2026. View the filing.
- Sen. Alan Armstrong sold Williams Companies (WMB) (jointly held), worth $250,001 - $500,000 on 8 Sep 2026. That is 57 days before publication. Filed 22 Oct 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $15,001 - $50,000 on 20 Aug 2026. That is 76 days before publication. Filed 17 Sep 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $1,001 - $15,000 on 19 Aug 2026. That is 77 days before publication. Filed 17 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).
The Strait of Hormuz count beside this story
Geopolitics Alpha has 195 stories about Strait of Hormuz from the past 7 days and 510 stories from the past 30. That is faster than its usual pace over the past month. “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington” is tagged to Strait of Hormuz.
United States Natural Gas Fund (UNG) on one side of this energy story
Companies mentioned with this story
- UNG United States Natural Gas Fund
In “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- XLE Select Sector Spdr Tr
In “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- USO United States Oil Fund
For “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” 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 “lng” (oil) in this story
- BWET Amplify Commodity Trust
In “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story
- LNG Cheniere Energy
Cheniere Energy (LNG) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington.” Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- EQT Eqt
For “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- KMI Kinder Morgan
For “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- WMB Williams Companies
For “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
How energy news reaches United States Natural Gas Fund (UNG)
The 4 Nov 2026 story “Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington” names United States Natural Gas Fund (UNG) because of Strait of Hormuz.
The link for United States Natural Gas Fund (UNG) is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Dates and price levels for United States Natural Gas Fund (UNG)
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. 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 Natural Gas Fund (UNG)
46 out of 100Price not final
“Could Democrats Unlock Hormuz After Midterm Rout? LNG Markets Watching Washington” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.