Hormuz insurance rates defy oil export rebound
Published . Updated .
Key takeaways
- Freight and insurance rates for vessels transiting the Strait of Hormuz remain about 10 times higher than pre-war levels, even as Persian Gulf oil exports have nearly recovered to pre-war volumes…
- Exposed: USO, XLE, XLF, BWET, XOM
- Market reaction: XLE +0.5% on the day (still updating); USO −0.3% on the day (still updating); BWET +6.4% on the day (still updating)
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Freight and insurance rates for vessels transiting the Strait of Hormuz remain about 10 times higher than pre-war levels, even as Persian Gulf oil exports have nearly recovered to pre-war volumes…
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 “freight” (container shipping) in this story.
- XLF Financial Select Sector SPDR+0.4% 17d
Financial Select Sector SPDR: it holds insurers. Linked by “insurance” (insurers) 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 “freight” (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 “freight” (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.
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 | -0.26% | after close | after close | after close |
| XLE | -4.15% | -3.23% | base | +0.50% | after close | after close | after close |
| BWET | +16.99% | -9.44% | base | +6.42% | after close | after close | after close |
| XLF | -1.77% | +0.15% | base | +0.58% | after close | after close | after close |
| XOM | -2.28% | -3.14% | base | +0.40% | after close | after close | after close |
| ZIMNo price data for this ticker | — | — | — | — | — | — | — |
| MATXNo price data for this ticker | — | — | — | — | — | — | — |
| CVX | -1.78% | -2.44% | base | +1.13% | 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 insurance rates defy oil export rebound www.businessinsurance.com
Source: www.businessinsurance.com
15 earlier Strait of Hormuz stories for United States Oil Fund (USO)
Across 15 earlier stories, United States Oil Fund (USO) the next day averaged +1.33%. The largest gain was +2.60% and the largest drop was -6.32%, from 14 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +1.33% | +2.60% | -6.32% | 14 |
| United States Oil Fund (USO) | three days later | -3.90% | -2.71% | -12.25% | 14 |
| 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 | -6.15% | -4.78% | -19.70% | 15 |
| Amplify Commodity Trust (BWET) | three days later | -26.69% | -26.29% | -30.61% | 15 |
- 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) since “Hormuz insurance rates defy oil export rebound,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | +6.42% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | -9.44% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +16.99% | final price |
| Chevron (CVX) | that day | +1.13% | still updating |
| Chevron (CVX) | three days earlier | -2.44% | final price |
| Chevron (CVX) | five days earlier | -1.78% | final price |
| United States Oil Fund (USO) | that day | -0.26% | 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 | +0.50% | 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 |
| Select Sector Spdr Tr (XLF) | that day | +0.58% | still updating |
| Select Sector Spdr Tr (XLF) | three days earlier | +0.15% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -1.77% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.40% | 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.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 51 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 70 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).
Where “Hormuz insurance rates defy oil export rebound” sits: Strait of Hormuz
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. “Hormuz insurance rates defy oil export rebound” is tagged to Strait of Hormuz.
United States Oil Fund (USO) on one side of this energy story
Companies that tend to gain
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 13 Nov 2026 story “Hormuz insurance rates defy oil export rebound.” 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
For “Hormuz insurance rates defy oil export rebound,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- OXY Occidental Petroleum
In “Hormuz insurance rates defy oil export rebound,” Occidental Petroleum (OXY) tends to benefit, medium confidence. Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
In “Hormuz insurance rates defy oil export rebound,” 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 “Hormuz insurance rates defy oil export rebound,” 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
- XLF Select Sector Spdr Tr
Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Hormuz insurance rates defy oil export rebound.” Reason on file: Financial Select Sector SPDR: it holds insurers. Linked by “insurance” (insurers) in this story
- BWET Amplify Commodity Trust
For “Hormuz insurance rates defy oil export rebound,” 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 “oil” (tanker shipping) in this story
How “Hormuz insurance rates defy oil export rebound” reaches United States Oil Fund (USO)
“Hormuz insurance rates defy oil export rebound” (13 Nov 2026) reaches United States Oil Fund (USO) through Strait of Hormuz.
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
What this energy story puts on the calendar
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. XLF traded between 52.82 and 56.02 across 14 sessions. The latest close on file is 55.07.
How solid the energy case looks
46 out of 100Price not final
“Hormuz insurance rates defy oil export rebound” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.