Iran claims four tankers struck mines in Hormuz as strike fears grow after U.S. midterms
Published . Updated .
This report is about tanker shipping and oil. Names like FRO and TNK typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+25.1% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund+7.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-2.9% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story.
- FRO Frontline+2.8% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.5% 9d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+10.3% 14d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (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 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | +0.80% | -2.73% | base | after close | after close | after close | after close |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -6.45% | -4.89% | base | after close | after close | after close | after close |
| TNK | -1.93% | -3.00% | base | after close | after close | after close | after close |
| DHT | -2.07% | -3.81% | base | after close | after close | after close | after close |
| INSW | -2.50% | -1.98% | base | after close | after close | after close | after close |
| XOM | +0.03% | -1.79% | 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.
Market Call
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Iran claims four tankers struck mines in Hormuz as strike fears grow after U.S. midterms CNBC
Source: CNBC
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | three days earlier | -3.81% | final price |
| DHT | five days earlier | -2.07% | final price |
| FRO | three days earlier | -4.89% | final price |
| FRO | five days earlier | -6.45% | final price |
| INSW | three days earlier | -1.98% | final price |
| INSW | five days earlier | -2.50% | final price |
| TNK | three days earlier | -3.00% | final price |
| TNK | five days earlier | -1.93% | final price |
| USO | three days earlier | -2.73% | final price |
| USO | five days earlier | +0.80% | final price |
| XOM | three days earlier | -1.79% | final price |
| XOM | five days earlier | +0.03% | final price |
Strait of Hormuz
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Strait of Hormuz on the map for this story
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How solid the energy case looks
12 out of 100
“Iran claims four tankers struck mines in Hormuz as strike fears grow after U.S. midterms” scores 12 out of 100. The score uses 1 sources.