Geopolitics Alpha

Crude Oil Prices Soar on Fears US-Iran War to Persist

Published . Updated .

October WTI crude oil (CLV26 ) is up +5.67 (+5.90%) on Wednesday, and October RBOB gasoline (RBV26 ) is up +0.1572 (+4.90%). Crude oil and gasoline prices are sharply higher today, with crude oil posting a 3.5-month high and gasoline posting a 2-week high. Crude prices are soaring today amid...

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

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with Iran supply risk

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • 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———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
LMT———————
RTX———————
XOM———————
DAL———————

October WTI crude oil (CLV26 ) is up +5.67 (+5.90%) on Wednesday, and October RBOB gasoline (RBV26 ) is up +0.1572 (+4.90%). Crude oil and gasoline prices are sharply higher today, with crude oil posting a 3.5-month high and gasoline posti…

Source: Nasdaq Markets

The price since 12 Sep 2026: United States Gasoline Fund (UGA) versus the S&P 500

Since the first closing price after “Crude Oil Prices Soar on Fears US-Iran War to Persist,” United States Gasoline Fund (UGA) is +3.77%. The S&P 500 fund (SPY) is +0.77% over the same days, a +3.00% difference versus the market. industrial stocks (XLI) is -1.91%, a +5.67% difference versus that group of stocks.

UGA
SPY
XLI

Who gains and who loses around United States Gasoline Fund (UGA)

Companies tied to this story

  • UGA United States Gasoline Fund

    In “Crude Oil Prices Soar on Fears US-Iran War to Persist,” United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IWM Ishares Tr

    For “Crude Oil Prices Soar on Fears US-Iran War to Persist,” Ishares Tr (IWM) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • HYG Ishares Tr

    Ishares Tr (HYG) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Crude Oil Prices Soar on Fears US-Iran War to Persist.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IEI Ishares Tr

    In “Crude Oil Prices Soar on Fears US-Iran War to Persist,” Ishares Tr (IEI) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    For “Crude Oil Prices Soar on Fears US-Iran War to Persist,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • DBA Invesco Db Agriculture Fund

    In “Crude Oil Prices Soar on Fears US-Iran War to Persist,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • MOO Vaneck Etf Trust

    Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Crude Oil Prices Soar on Fears US-Iran War to Persist.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XME Spdr Series Trust

    In “Crude Oil Prices Soar on Fears US-Iran War to Persist,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

How defense news reaches United States Gasoline Fund (UGA)

On 12 Sep 2026, “Crude Oil Prices Soar on Fears US-Iran War to Persist” is the story that connects United States Gasoline Fund (UGA) to Defense.

The link for United States Gasoline Fund (UGA) is this: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

A second company, Ishares Tr (IWM), is listed for a different reason: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

The price range for United States Gasoline Fund (UGA), and the dates in the story

HYG traded between 76.40 and 78.75 across 20 sessions. The latest close on file is 76.82. IWM traded between 269.88 and 288.91 across 20 sessions. The latest close on file is 271.30. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

The defense score for United States Gasoline Fund (UGA)

46 out of 100

“Crude Oil Prices Soar on Fears US-Iran War to Persist” scores 46 out of 100. The score uses 1 sources, and 23 linked companies.