Geopolitics Alpha

Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack

Published . Updated .

Iran security chief says Tehran's demands include an end to war on all fronts and the lifting of US's naval blockade.

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

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with Iran supply risk

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • 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———————
LMT———————
RTX———————
XOM———————
DAL———————

Iran security chief says Tehran's demands include an end to war on all fronts and the lifting of US's naval blockade.

Source: Al Jazeera World

Price since this story was published: United States Brent Oil Fund (BNO)

Since the first closing price after “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack,” United States Brent Oil Fund (BNO) is +13.89%. The S&P 500 fund (SPY) is -0.89% over the same days, a +14.79% difference versus the market. industrial stocks (XLI) is -1.91%, a +15.80% difference versus that group of stocks.

BNO
SPY
XLI

Who collects and who pays in defense

Companies tied to this story

  • BNO United States Brent Oil Fund

    For “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack,” United States Brent Oil Fund (BNO) 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

  • UGA United States Gasoline Fund

    United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence in the 20 Sep 2026 story “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack.” 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

    iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence in the 20 Sep 2026 story “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack.” 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 20 Sep 2026 story “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack.” 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

    In “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack,” 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 “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack,” 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

    Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence in the 20 Sep 2026 story “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • XAR Spdr Series Trust

    Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 20 Sep 2026 story “Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack.” Reason on file: Material security escalation can alter defense demand expectations and risk premia

How defense news reaches United States Brent Oil Fund (BNO)

“Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack” (20 Sep 2026) reaches United States Brent Oil Fund (BNO) through Defense.

For United States Brent Oil Fund (BNO), 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

A second company, United States Gasoline Fund (UGA), is listed for a different reason: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

Dates and price levels for United States Brent Oil Fund (BNO)

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. 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.

The defense score for United States Brent Oil Fund (BNO)

46 out of 100

“Iran war live: Tehran sets terms for peace; Saudi forces foil Riyadh attack” scores 46 out of 100. The score uses 1 sources, and 17 linked companies.