Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route
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Iraq has resumed transporting crude oil by truck to Syria’s Baniyas port, establishing an alternative export route amid disruptions to shipments through the Strait of Hormuz following the Iran war.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “port” (container 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.
- CVX Chevron+4.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+11.8% 17d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FRO Frontline+0.8% 30d
Tanker operators earn more when freight rates spike. Linked by “hormuz” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -2.03% | -2.82% | base | after close | after close | after close | after close |
| XLE | -4.57% | -2.42% | base | after close | after close | after close | after close |
| BWET | -5.09% | -10.82% | base | after close | after close | after close | after close |
| XOM | -3.42% | -2.31% | base | after close | after close | after close | after close |
| CVX | -4.09% | -2.99% | base | after close | after close | after close | after close |
| OXYNo price data for this ticker | — | — | — | — | — | — | — |
| COP | -5.48% | -3.22% | base | after close | after close | after close | after close |
| FRO | -5.72% | -2.93% | 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.
Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route Egypt Oil & Gas
Source: Egypt Oil & Gas
How United States Oil Fund (USO) moved after the last 17 energy shocks
United States Oil Fund (USO) the next day, across 17 earlier stories: average -2.89%, largest gain +2.60%, largest drop -3.74%, from 15 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -2.89% | +2.60% | -3.74% | 15 |
| United States Oil Fund (USO) | three days later | -4.24% | -2.71% | -4.47% | 15 |
| Select Sector Spdr Tr (XLE) | the next day | -0.02% | +0.48% | -2.99% | 7 |
| Select Sector Spdr Tr (XLE) | three days later | +1.83% | +2.48% | -2.06% | 7 |
| Amplify Commodity Trust (BWET) | the next day | -12.55% | -4.78% | -13.59% | 17 |
| Amplify Commodity Trust (BWET) | three days later | -19.68% | -18.80% | -26.29% | 17 |
| ExxonMobil Holdings (XOM) | the next day | -0.54% | -0.33% | -1.94% | 15 |
| ExxonMobil Holdings (XOM) | three days later | +0.11% | +0.58% | -2.97% | 15 |
- Iran says tankers struck in Hormuz amid fears of new US attack
- IRGC Says Two Oil Tankers Hit Mines, Catch Fire Near Strait of Hormuz: 5 outlets compared
- India's HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
- Two Oil Tankers Catch Fire After Hitting Mines in Strait of Hormuz
- Explosion Reported Aboard Oil Tanker Near Oman’s Coast in Strait of Hormuz
- Oil Pollution Returns to Coasts of Qeshm and Hormuz Islands
United States Oil Fund (USO) compared with energy stocks (XLE) since 15 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | -10.82% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -5.09% | final price |
| Conocophillips (COP) | three days earlier | -3.22% | final price |
| Conocophillips (COP) | five days earlier | -5.48% | final price |
| Chevron (CVX) | three days earlier | -2.99% | final price |
| Chevron (CVX) | five days earlier | -4.09% | final price |
| Frontline (FRO) | three days earlier | -2.93% | final price |
| Frontline (FRO) | five days earlier | -5.72% | final price |
| United States Oil Fund (USO) | three days earlier | -2.82% | final price |
| United States Oil Fund (USO) | five days earlier | -2.03% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.42% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -4.57% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.31% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -3.42% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 32 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 76 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 32 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 53 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 74 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 81 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 83 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 86 days before publication. Filed 8 Oct 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).
The Strait of Hormuz count beside this story
Geopolitics Alpha has 199 stories about Strait of Hormuz from the past 7 days and 711 stories from the past 30. That is about its usual pace over the past month. “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route” is tagged to Strait of Hormuz.
Who gains and who loses around United States Oil Fund (USO)
Companies carried with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 15 Nov 2026 story “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
For “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- XOM ExxonMobil Holdings
For “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route,” 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
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 15 Nov 2026 story “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
In “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 15 Nov 2026 story “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- FRO Frontline
In “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route,” Frontline (FRO) is linked, with no stored direction, medium confidence. Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route,” the 15 Nov 2026 Strait of Hormuz story.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
The price range for United States Oil Fund (USO), 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. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
The energy score for United States Oil Fund (USO)
46 out of 100
“Iraq Resumes Oil Exports to Mediterranean via Syria Overland Route” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.