More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge
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Oil rebounds slightly as ships continue coming under attack in the Persian Gulf after prices plunged following President Trump's midterm elections rebuke.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-5.0% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 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 tanker freight rates. Linked by “gulf” (tanker shipping) 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 “gulf” (defense) 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+5.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+3.9% 19d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): 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 |
|---|---|---|---|---|---|---|---|
| USO | +13.96% | +6.75% | base | after close | after close | after close | after close |
| XLE | +13.47% | +8.12% | base | after close | after close | after close | after close |
| BWET | +38.94% | +24.54% | base | after close | after close | after close | after close |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | +13.27% | +7.37% | base | after close | after close | after close | after close |
| CVX | +10.62% | +5.78% | base | after close | after close | after close | after close |
| COP | +13.68% | +6.58% | base | after close | after close | after close | after close |
| SHEL | +8.57% | +4.08% | 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.
More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge CBS News
Source: CBS News
How United States Oil Fund (USO) moved after the last 14 energy shocks
Those 14 earlier stories put United States Oil Fund (USO) at an average move of -6.42% the next day. Largest gain -6.32%, largest drop -7.20%, from 14 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -6.42% | -6.32% | -7.20% | 14 |
| United States Oil Fund (USO) | three days later | -12.38% | -12.25% | -13.51% | 10 |
| Select Sector Spdr Tr (XLE) | the next day | -5.17% | -2.12% | -6.96% | 11 |
| Select Sector Spdr Tr (XLE) | three days later | -10.81% | -7.58% | -11.35% | 7 |
| Amplify Commodity Trust (BWET) | the next day | -12.14% | -2.78% | -22.25% | 13 |
| Amplify Commodity Trust (BWET) | three days later | -27.67% | -24.41% | -28.03% | 10 |
| ExxonMobil Holdings (XOM) | the next day | -5.48% | -1.85% | -6.87% | 8 |
| ExxonMobil Holdings (XOM) | three days later | -10.66% | -7.47% | -11.72% | 4 |
- Saudi refinery attacks push oil higher
- ‘No rush to end Iran war’ as oil prices defy worst fears
- HE GCCSG Condemns the Treacherous Attack on the Qatari Gas Tanker "Al Mayeda", Underscoring That the Security of Navigation in the Arabian Gulf is a Pillar for the Stability of the Region and the Global Economy
- Qatari LNG tanker comes under attack in Persian Gulf
- Qatari LNG tanker attacked in Arabian Gulf
- New Wave of Attacks Hits Tankers and LNG Carrier in Strait of Hormuz and Persian Gulf
The price since 6 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +24.54% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +38.94% | final price |
| Conocophillips (COP) | three days earlier | +6.58% | final price |
| Conocophillips (COP) | five days earlier | +13.68% | final price |
| Chevron (CVX) | three days earlier | +5.78% | final price |
| Chevron (CVX) | five days earlier | +10.62% | final price |
| Shell (SHEL) | three days earlier | +4.08% | final price |
| Shell (SHEL) | five days earlier | +8.57% | final price |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +13.96% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +8.12% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +13.47% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +7.37% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +13.27% | 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 23 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 67 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 23 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 44 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 65 days before publication. Filed 7 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 72 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 74 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 77 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).
Where this story sits: Persian Gulf
Geopolitics Alpha has 21 stories about Persian Gulf from the past 7 days and 62 stories from the past 30. That is faster than its usual pace over the past month. “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge” is tagged to Persian Gulf.
United States Oil Fund (USO) on one side of this energy story
Likely winners
- XOM ExxonMobil Holdings
In “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge,” ExxonMobil Holdings (XOM) tends to benefit, 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) tends to benefit, medium confidence in the 6 Nov 2026 story “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- FRO Frontline
In “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge,” Frontline (FRO) tends to benefit, 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
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
In “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge,” 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
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How energy news reaches United States Oil Fund (USO)
On 6 Nov 2026, “More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge” is the story that connects United States Oil Fund (USO) to Persian Gulf.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
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 145.42. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.