Gulf Oil Exports Recover as Hormuz Shipping Struggles
Published . Updated .
Key takeaways
- Global oil markets are beginning to recover from the Iran war, but shipping through the Strait of Hormuz remains severely disrupted, with vessel traffic roughly 65% below pre-conflict levels and...
- Exposed: USO, XLE, BWET, XOM, CVX
- Market reaction: USO −0.5% on the day (still updating); XLE +0.4% on the day (still updating); BWET +5.3% on the day (still updating)
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Global oil markets are beginning to recover from the Iran war, but shipping through the Strait of Hormuz remains severely disrupted, with vessel traffic roughly 65% below pre-conflict levels and...
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.5% 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 “shipping” (container shipping) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- ZIM ZIM Integrated Shipping Services+1.8% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- MATX Matson-3.2% 13d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- CVX Chevron+4.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): 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 | +1.59% | -3.20% | base | -0.48% | after close | after close | after close |
| XLE | -4.15% | -3.23% | base | +0.39% | after close | after close | after close |
| BWET | +16.99% | -9.44% | base | +5.27% | after close | after close | after close |
| XOM | -2.28% | -3.14% | base | -0.03% | after close | after close | after close |
| ZIMNo price data for this ticker | — | — | — | — | — | — | — |
| MATX | -0.66% | -2.89% | base | -1.66% | after close | after close | after close |
| CVX | -1.78% | -2.44% | base | +0.87% | after close | after close | after close |
| COP | -2.69% | -3.19% | base | +1.04% | 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.
Gulf Oil Exports Recover as Hormuz Shipping Struggles gCaptain
Source: gCaptain
Earlier energy stories for United States Oil Fund (USO): 16 cases
United States Oil Fund (USO) the next day, across 16 earlier stories: average +1.41%, largest gain +2.60%, largest drop -6.32%, from 15 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +1.41% | +2.60% | -6.32% | 15 |
| United States Oil Fund (USO) | three days later | -3.82% | -2.71% | -12.25% | 15 |
| Select Sector Spdr Tr (XLE) | the next day | -4.13% | -2.99% | -6.96% | 5 |
| Select Sector Spdr Tr (XLE) | three days later | -4.92% | -2.06% | -11.35% | 5 |
| Amplify Commodity Trust (BWET) | the next day | -6.06% | -4.78% | -19.70% | 16 |
| Amplify Commodity Trust (BWET) | three days later | -26.67% | -26.29% | -30.61% | 16 |
| ExxonMobil Holdings (XOM) | the next day | -2.39% | -1.94% | -6.87% | 11 |
| ExxonMobil Holdings (XOM) | three days later | -3.35% | -2.97% | -7.18% | 11 |
- IRGC says 2 oil tankers, tugboat engulfed in flames in Hormuz
- Iran says two oil tankers hit naval mines in Strait of Hormuz
- Two Oil Tankers, A Tugboat Catch Fire after Passing through Hormuz Strait Illegally: IRGC
- IRGC says two oil tankers and tugboat caught fire in Strait of Hormuz
- Africa's LNG Exports Set to Soar 175% as Buyers Flee Hormuz
- Qatar Becomes Largest Buyer of U.S. LNG Amid Hormuz Crisis
United States Oil Fund (USO) compared with energy stocks (XLE) since 13 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | +5.27% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | -9.44% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +16.99% | final price |
| Conocophillips (COP) | that day | +1.04% | still updating |
| Conocophillips (COP) | three days earlier | -3.19% | final price |
| Conocophillips (COP) | five days earlier | -2.69% | final price |
| Chevron (CVX) | that day | +0.87% | still updating |
| Chevron (CVX) | three days earlier | -2.44% | final price |
| Chevron (CVX) | five days earlier | -1.78% | final price |
| Matson (MATX) | that day | -1.66% | still updating |
| Matson (MATX) | three days earlier | -2.89% | final price |
| Matson (MATX) | five days earlier | -0.66% | final price |
| United States Oil Fund (USO) | that day | -0.48% | still updating |
| United States Oil Fund (USO) | three days earlier | -3.20% | final price |
| United States Oil Fund (USO) | five days earlier | +1.59% | final price |
| Select Sector Spdr Tr (XLE) | that day | +0.39% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -3.23% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -4.15% | final price |
| ExxonMobil Holdings (XOM) | that day | -0.03% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | -3.14% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.28% | 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 30 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 74 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 30 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 51 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 72 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 79 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 81 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 84 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 Strait of Hormuz has been lately
Geopolitics Alpha has 217 stories about Strait of Hormuz from the past 7 days and 717 stories from the past 30. That is about its usual pace over the past month. “Gulf Oil Exports Recover as Hormuz Shipping Struggles” is tagged to Strait of Hormuz.
Who gains and who loses around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
For “Gulf Oil Exports Recover as Hormuz Shipping Struggles,” 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
In “Gulf Oil Exports Recover as Hormuz Shipping Struggles,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
In “Gulf Oil Exports Recover as Hormuz Shipping Struggles,” 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 “shipping” (container shipping) in this story
- XOM ExxonMobil Holdings
For “Gulf Oil Exports Recover as Hormuz Shipping Struggles,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. 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
Chevron (CVX) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Gulf Oil Exports Recover as Hormuz Shipping Struggles.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
In “Gulf Oil Exports Recover as Hormuz Shipping Struggles,” 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
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Gulf Oil Exports Recover as Hormuz Shipping Struggles.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- MATX Matson
In “Gulf Oil Exports Recover as Hormuz Shipping Struggles,” Matson (MATX) is linked, with no stored direction, medium confidence. Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story
From Strait of Hormuz to United States Oil Fund (USO)
“Gulf Oil Exports Recover as Hormuz Shipping Struggles” (13 Nov 2026) reaches United States Oil Fund (USO) through Strait of Hormuz.
For United States Oil Fund (USO), the reason on file says 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 and price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Oil Fund (USO)
46 out of 100Price not final
“Gulf Oil Exports Recover as Hormuz Shipping Struggles” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.