Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says
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This report is about oil and container shipping. Names like XOM typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “barrel” (oil) in this story.
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 “barrel” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “barrel” (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.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “shipping costs” (transport and logistics) in this story.
- XOM ExxonMobil Holdings+10.6% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “barrel” (oil) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 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-6.5% 8d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “barrel” (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 |
| IYT | -1.11% | -1.81% | base | after close | after close | after close | after close |
| XOM | +0.06% | +1.89% | base | after close | after close | after close | after close |
| ZIM | +4.85% | +3.12% | base | after close | after close | after close | after close |
| MATX | +4.99% | +2.59% | base | after close | after close | after close | after close |
| CVX | +0.19% | +1.58% | 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.
Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says Lloyd's List
Source: Lloyd's List
What happened to United States Oil Fund (USO) the last 14 times Strait of Hormuz was in the news
In the last 14 similar stories, United States Oil Fund (USO) moved an average of -3.41% the next day. The best was +0.26% and the worst was -3.69%, from 14 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -3.41% | +0.26% | -3.69% | 14 |
| United States Oil Fund (USO) | three days later | -1.16% | +1.56% | -1.37% | 14 |
| Select Sector Spdr Tr (XLE) | the next day | -1.52% | -1.51% | -1.69% | 14 |
| Select Sector Spdr Tr (XLE) | three days later | -0.77% | +0.52% | -0.87% | 14 |
| Amplify Commodity Trust (BWET) | the next day | +0.12% | +0.12% | +0.12% | 13 |
| Amplify Commodity Trust (BWET) | three days later | +4.59% | +4.59% | +4.59% | 13 |
| Ishares Tr (IYT) | the next day | +2.47% | +2.47% | +2.47% | 1 |
| Ishares Tr (IYT) | three days later | +1.75% | +1.75% | +1.75% | 1 |
- 🇺🇸🇮🇷 The next Iran war could send oil to $150 The world survived the first energy shock by burning through inventories while China slashed imports. That cushion is largely gone. El-Erian warns that another disruption to Hormuz and the Red Sea could push
- LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening
- US says helped Gulf nations export 1.5 bn barrels of oil through Hormuz
- Shafaq News..US: Hormuz oil exports exceed 1.5B barrels
- CENTCOM says helped Gulf nations export 1.5 billion barrels of oil via Hormuz
- Adnoc Gas Exploring New LNG Export Plant to Avoid Hormuz
United States Oil Fund (USO) compared with industrial stocks (XLI) since 3 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| Chevron (CVX) | three days earlier | +1.58% | final price |
| Chevron (CVX) | five days earlier | +0.19% | final price |
| Ishares Tr (IYT) | three days earlier | -1.81% | final price |
| Ishares Tr (IYT) | five days earlier | -1.11% | final price |
| Matson (MATX) | three days earlier | +2.59% | final price |
| Matson (MATX) | five days earlier | +4.99% | 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 |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | +3.12% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +4.85% | final price |
Congressional trades 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.
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).
Strait of Hormuz on the map for this story
Geopolitics Alpha has 187 stories about Strait of Hormuz from the past 7 days and 488 stories from the past 30. That is faster than its usual pace over the past month. “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says” is tagged to Strait of Hormuz.
Who gains and who pays if Strait of Hormuz stays in the story
The side that tends to collect
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 3 Nov 2026 story “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “barrel” (oil) in this story
No up or down call on file
- USO United States Oil Fund
In “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says,” 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 “barrel” (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 “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “barrel” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says.” Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story
- IYT Ishares Tr
For “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says,” Ishares Tr (IYT) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “shipping costs” (transport and logistics) in this story
What Strait of Hormuz means for United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says,” the 3 Nov 2026 Strait of Hormuz story.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “barrel” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “barrel” (oil) in this story
What this shipping story puts on the calendar
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.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.