Iran Shipping Update – November 2, 2026
Published . Updated .
The maritime security environment across the region remains highly volatile. Iranian attacks on commercial shipping in the Strait of Hormuz continue to disrupt maritime traffic, while Iran-backed Houthi threats and attacks around the Bab el-Mandeb pose a renewed risk to shipping
Directly affected
- No company is named in this report.
Indirectly affected
- 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 tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) 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.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story.
- KEX Kirby+3.8% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) 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 | — | — | — | — | — | — | — |
| IYTNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -1.54% | -1.29% | base | -7.16% | after close | after close | after close |
| MATX | +2.55% | +2.06% | base | -1.12% | after close | after close | after close |
| ZIM | +4.03% | +4.49% | base | -0.14% | after close | after close | after close |
| XOM | -1.45% | -2.77% | base | -4.00% | after close | after close | after close |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
| DACNo price data for this ticker | — | — | — | — | — | — | — |
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.
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Iran Shipping Update – November 2, 2026 United Against Nuclear Iran | UANI
Earlier shipping stories for Amplify Commodity Trust (BWET): 5 cases
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Matson (MATX) | the next day | +1.57% | +1.57% | +1.57% | 3 |
| Matson (MATX) | three days later | -0.75% | -0.75% | -0.75% | 3 |
| ZIM Integrated Shipping Services (ZIM) | the next day | +1.30% | +1.30% | +1.30% | 5 |
| ZIM Integrated Shipping Services (ZIM) | three days later | -0.37% | -0.37% | -0.37% | 5 |
- The Strait of Hormuz: A Trap for Trump
- Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses
- America's Miscalculation: Why even Increased Oil Flows through Hormuz won't Solve the Energy Challenge
- QatarEnergy buys LNG from the U.S. / Contract follows Iranian attacks and the closure of the Strait of Hormuz
- Iranian Oil Flows Through Strait of Hormuz Even as Gulf Neighbors’ Exports Shut
Amplify Commodity Trust (BWET) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Matson (MATX) | that day | -1.12% | final price |
| Matson (MATX) | three days earlier | +2.06% | final price |
| Matson (MATX) | five days earlier | +2.55% | final price |
| USO | that day | -7.16% | final price |
| USO | three days earlier | -1.29% | final price |
| USO | five days earlier | -1.54% | final price |
| XOM | that day | -4.00% | final price |
| XOM | three days earlier | -2.77% | final price |
| XOM | five days earlier | -1.45% | final price |
| ZIM Integrated Shipping Services (ZIM) | that day | -0.14% | final price |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | +4.49% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +4.03% | final price |
Members of Congress who traded Amplify Commodity Trust (BWET) near this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 19 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 63 days before publication. Filed 25 Sep 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 “Iran Shipping Update – November 2, 2026” sits: Strait of Hormuz
Geopolitics Alpha has 181 stories about Strait of Hormuz from the past 7 days and 478 stories from the past 30. That is faster than its usual pace over the past month. “Iran Shipping Update – November 2, 2026” is tagged to Strait of Hormuz.
Amplify Commodity Trust (BWET) on one side of this shipping story
Companies tied to this story
- BWET Amplify Commodity Trust
In “Iran Shipping Update – November 2, 2026,” 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
- IYT Ishares Tr
Ishares Tr (IYT) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Iran Shipping Update – November 2, 2026.” Reason on file: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story
- MATX Matson
For “Iran Shipping Update – November 2, 2026,” 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
- ZIM ZIM Integrated Shipping Services
For “Iran Shipping Update – November 2, 2026,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: 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
- KEX Kirby
In “Iran Shipping Update – November 2, 2026,” Kirby (KEX) is linked, with no stored direction, medium confidence. Reason on file: Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story
- DAC Danaos
For “Iran Shipping Update – November 2, 2026,” Danaos (DAC) is linked, with no stored direction, medium confidence. Reason on file: Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story
How a Strait of Hormuz shock reaches Amplify Commodity Trust (BWET)
Amplify Commodity Trust (BWET) is the company in “Iran Shipping Update – November 2, 2026,” the 2 Nov 2026 Strait of Hormuz story.
What ties Amplify Commodity Trust (BWET) to the headline is this: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story
Ishares Tr (IYT) is here too. Its reason reads: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story
Price levels for Amplify Commodity Trust (BWET)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. MATX traded between 219.11 and 233.52 across 6 sessions. The latest close on file is 223.01.
How strong the case is around Amplify Commodity Trust (BWET)
46 out of 100
“Iran Shipping Update – November 2, 2026” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.