Geopolitics Alpha

Hormuz shuttles keep oil flowing, but at a high cost

Published . Updated .

Hormuz shuttles keep oil flowing, but at a high cost Asia Insurance Post

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

    Tracks U.S. crude prices when Gulf supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with a Gulf supply scare

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • STNG Scorpio Tankers

    Tanker operators earn more when freight rates spike

  • 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———————
XOM———————
CVX———————
STNG———————
DAL———————

Hormuz shuttles keep oil flowing, but at a high cost Asia Insurance Post

Source: Asia Insurance Post

The price since 21 Sep 2026: United States Gasoline Fund (UGA) versus the S&P 500

Since the first closing price after “Hormuz shuttles keep oil flowing, but at a high cost,” United States Gasoline Fund (UGA) is +0.02%. The S&P 500 fund (SPY) is -0.88% over the same days, a +0.91% difference versus the market. energy stocks (XLE) is +9.77%, a -9.75% difference versus that group of stocks.

UGA
SPY
XLE

How busy Strait of Hormuz has been lately

Strait of Hormuz has 195 linked stories in the last 7 days and 195 in the last 30 on the page that also carries “Hormuz shuttles keep oil flowing, but at a high cost.” The recent pace is rising.

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

Companies carried with this story

  • UGA United States Gasoline Fund

    In “Hormuz shuttles keep oil flowing, but at a high cost,” United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    In “Hormuz shuttles keep oil flowing, but at a high cost,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • VDE Vanguard World Fd

    Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 21 Sep 2026 story “Hormuz shuttles keep oil flowing, but at a high cost.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • FENY

    For “Hormuz shuttles keep oil flowing, but at a high cost,” FENY is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    For “Hormuz shuttles keep oil flowing, but at a high cost,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • IEZ Ishares U.S. Oil Equipment & Services Etf

    In “Hormuz shuttles keep oil flowing, but at a high cost,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • BNO United States Brent Oil Fund

    United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 21 Sep 2026 story “Hormuz shuttles keep oil flowing, but at a high cost.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • USO United States Oil Fund

    In “Hormuz shuttles keep oil flowing, but at a high cost,” United States Oil Fund (USO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

How energy news reaches United States Gasoline Fund (UGA)

On 21 Sep 2026, “Hormuz shuttles keep oil flowing, but at a high cost” is the story that connects United States Gasoline Fund (UGA) to Strait of Hormuz.

For United States Gasoline Fund (UGA), the reason on file says Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

iShares S&P GSCI Commodity-Indexed Trust (GSG) is here too. Its reason reads: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

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

GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49. VDE traded between 176.54 and 190.84 across 10 sessions. The latest close on file is 189.01.

How solid “Hormuz shuttles keep oil flowing, but at a high cost” looks

69 out of 100

“Hormuz shuttles keep oil flowing, but at a high cost” scores 69 out of 100. The score uses 4 sources, and 15 linked companies.