Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea
Published . Updated .
Egypt, Iraq, and Jordan have discussed establishing new export routes for Iraqi crude oil and petroleum products via the Red Sea and Mediterranean Sea, as Baghdad seeks to diversify its oil transport infrastructure and expand regional energy cooperation.
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 “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “red sea” (container shipping) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“egypt”).
- XOM ExxonMobil Holdings+10.6% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+4.8% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell-2.5% 12d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (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 | +4.37% | +7.30% | base | after close | after close | after close | after close |
| XLE | +1.44% | +2.16% | base | after close | after close | after close | after close |
| BWET | -1.54% | +2.86% | base | after close | after close | after close | after close |
| AFK | +2.14% | +2.55% | base | after close | after close | after close | after close |
| XOM | +0.06% | +1.89% | base | after close | after close | after close | after close |
| CVX | +0.19% | +1.58% | base | after close | after close | after close | after close |
| COP | +0.74% | +2.12% | base | after close | after close | after close | after close |
| SHEL | -0.17% | +2.59% | base | after close | 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.
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Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea Egypt Oil & Gas
Source: Egypt Oil & Gas
How United States Oil Fund (USO) moved after the last 16 energy shocks
United States Oil Fund (USO) the next day, across 16 earlier stories: average -3.51%, largest gain -3.49%, largest drop -3.69%, from 13 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -3.51% | -3.49% | -3.69% | 13 |
| United States Oil Fund (USO) | three days later | -0.84% | -0.79% | -1.37% | 12 |
| Select Sector Spdr Tr (XLE) | the next day | -1.52% | -1.51% | -1.57% | 16 |
| Select Sector Spdr Tr (XLE) | three days later | -0.87% | -0.87% | -0.87% | 13 |
| Amplify Commodity Trust (BWET) | the next day | +0.12% | +0.12% | +0.12% | 14 |
| Amplify Commodity Trust (BWET) | three days later | +4.59% | +4.59% | +4.59% | 14 |
- Houthis say they attacked Saudi oil sites; strikes reported in Aden
- Most Gulf shares close lower as Saudi-Houthi fighting rages on
- Houthis threaten Riyadh airport as Saudi oil sites come under attack
- Egypt Votes to Defend Saudi Arabia, Risking Houthi Fire
- Saudi Arabia Keeps Getting Hit by the Houthis. It Will Move Oil Elsewhere to Keep it Safer.
- Houthis Claim Attacks on Saudi Arabia's East-West Oil Pipeline
The price since 3 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (AFK) | three days earlier | +2.55% | final price |
| Vaneck Etf Trust (AFK) | five days earlier | +2.14% | final price |
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| Conocophillips (COP) | three days earlier | +2.12% | final price |
| Conocophillips (COP) | five days earlier | +0.74% | final price |
| Chevron (CVX) | three days earlier | +1.58% | final price |
| Chevron (CVX) | five days earlier | +0.19% | final price |
| SHEL | three days earlier | +2.59% | final price |
| SHEL | five days earlier | -0.17% | final price |
| United States Oil Fund (USO) | three days earlier | +7.30% | final price |
| United States Oil Fund (USO) | five days earlier | +4.37% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +2.16% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +1.44% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +1.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.06% | 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 20 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 64 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 20 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 41 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 62 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 71 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 74 days before publication. Filed 8 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 Red Sea has been lately
Geopolitics Alpha has 48 stories about Red Sea from the past 7 days and 217 stories from the past 30. That is about its usual pace over the past month. “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea” is tagged to Red Sea.
Who gains and who pays if Red Sea stays in the story
Companies tied to this story
- USO United States Oil Fund
In “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea,” 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 “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
For “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “red sea” (container shipping) in this story
- AFK Vaneck Etf Trust
In “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea,” Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“egypt”)
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- ZIM ZIM Integrated Shipping Services
In “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “red sea” (container shipping) in this story
- COP Conocophillips
In “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
From Red Sea to United States Oil Fund (USO)
The 3 Nov 2026 story “Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea” names United States Oil Fund (USO) because of Red Sea.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
How solid the energy case looks
46 out of 100
“Egypt, Iraq, Jordan Discuss New Oil Export Routes Through Red Sea” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.