Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine
Published . Updated .
Key takeaways
- Iran's Army said that an oil tanker caught fire on Wednesday in the eastern part of the Strait of Hormuz after hitting a naval mine in an "unsafe and restricted area".
- Exposed: BWET, USO, ITA, FRO, DHT
- Market reaction: BWET +4.9% on the day (still updating); USO +2.4% on the day (still updating); DHT +4.9% on the day (still updating)
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Iran's Army said that an oil tanker caught fire on Wednesday in the eastern part of the Strait of Hormuz after hitting a naval mine in an "unsafe and restricted area".
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 tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “army” (defense) in this story.
- FRO Frontline+1.0% 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.
- 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-10.7% 18d
International Seaways (water transportation): 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.
- 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| USO | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| ITA | -2.04% | -4.68% | base | +0.51% | after close | after close | after close |
| FRO | +10.52% | +3.52% | base | +4.39% | after close | after close | after close |
| DHT | +6.01% | -0.62% | base | +4.90% | after close | after close | after close |
| INSW | +1.26% | -0.13% | base | +3.20% | after close | after close | after close |
| TNK | +3.72% | +0.36% | base | +3.09% | after close | after close | after close |
| XOM | +3.07% | +0.89% | base | +1.25% | 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.
Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine Middle East Eye
Source: Middle East Eye
What happened to Amplify Commodity Trust (BWET) the last 16 times Strait of Hormuz was in the news
Across 16 earlier stories, Amplify Commodity Trust (BWET) the next day averaged -22.09%. The largest gain was -19.70% and the largest drop was -22.25%, from 16 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Amplify Commodity Trust (BWET) | the next day | -22.09% | -19.70% | -22.25% | 16 |
| Amplify Commodity Trust (BWET) | three days later | -30.61% | -30.61% | -30.61% | 1 |
| United States Oil Fund (USO) | the next day | -7.15% | -6.32% | -7.20% | 16 |
| United States Oil Fund (USO) | three days later | -5.17% | -4.86% | -9.82% | 16 |
| IShares U.S. Aerospace & Defense ETF (ITA) | the next day | -0.88% | -0.88% | -0.88% | 3 |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days later | -3.54% | -3.54% | -3.54% | 3 |
| Frontline (FRO) | the next day | -7.65% | -7.65% | -7.65% | 7 |
| Frontline (FRO) | three days later | -12.44% | -12.44% | -12.44% | 7 |
- Aramco expanding East-West Pipeline that avoids Hormuz
- UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions
- Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says
- Aramco Targets Hormuz Bypass with East-West Pipeline Expansion
- Watch US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge
- Strait of Hormuz Disruptions: Soaring fuel prices and the burden of inflation
The price since 11 Nov 2026: Amplify Commodity Trust (BWET) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | +4.90% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +29.19% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +35.67% | final price |
| DHT Holdings (DHT) | that day | +4.90% | still updating |
| DHT Holdings (DHT) | three days earlier | -0.62% | final price |
| DHT Holdings (DHT) | five days earlier | +6.01% | final price |
| Frontline (FRO) | that day | +4.39% | still updating |
| Frontline (FRO) | three days earlier | +3.52% | final price |
| Frontline (FRO) | five days earlier | +10.52% | final price |
| International Seaways (INSW) | that day | +3.20% | still updating |
| International Seaways (INSW) | three days earlier | -0.13% | final price |
| International Seaways (INSW) | five days earlier | +1.26% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | that day | +0.51% | still updating |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -4.68% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -2.04% | final price |
| Teekay Tankers (TNK) | that day | +3.09% | still updating |
| Teekay Tankers (TNK) | three days earlier | +0.36% | final price |
| Teekay Tankers (TNK) | five days earlier | +3.72% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.25% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | 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 28 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 72 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 this story sits: Strait of Hormuz
Geopolitics Alpha has 212 stories about Strait of Hormuz from the past 7 days and 695 stories from the past 30. That is about its usual pace over the past month. “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine” is tagged to Strait of Hormuz.
Amplify Commodity Trust (BWET) on one side of this energy story
Likely winners
- FRO Frontline
Frontline (FRO) tends to benefit, medium confidence in the 11 Nov 2026 story “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine.” Reason on file: 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
- DHT DHT Holdings
In “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine,” DHT Holdings (DHT) tends to benefit, medium confidence. Reason on file: 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
For “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine,” International Seaways (INSW) tends to benefit, medium confidence. Reason on file: International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- TNK Teekay Tankers
In “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine,” Teekay Tankers (TNK) tends to benefit, medium confidence. Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
No up or down call on file
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “army” (defense) in this story
- XOM ExxonMobil Holdings
In “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How a Strait of Hormuz shock reaches Amplify Commodity Trust (BWET)
The 11 Nov 2026 story “Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine” names Amplify Commodity Trust (BWET) because of Strait of Hormuz.
What ties Amplify Commodity Trust (BWET) to the headline is this: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
Also listed, United States Oil Fund (USO): United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
The price range for Amplify Commodity Trust (BWET), and the dates in the story
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41.
How solid the energy case looks
46 out of 100Price not final
“Iranian army says oil tanker ablaze in Hormuz Strait after hitting mine” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.