Geopolitics Alpha

Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?

Published . Updated .

Don't look now, but crude oil is back over $100 a barrel. Prices are on fire, rising 20% since July, and the Strait of Hormuz is still shut. Diesel fuel, the transportation fossil fuel of record, sits at a record $6.23 per gallon.

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

    Tracks U.S. crude prices when Gulf supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with a Gulf supply scare

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • STNG Scorpio Tankers

    Tanker operators earn more when freight rates spike

  • 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———————
XOM———————
CVX———————
STNG———————
DAL———————

Don't look now, but crude oil is back over $100 a barrel. Prices are on fire, rising 20% since July, and the Strait of Hormuz is still shut. Diesel fuel, the transportation fossil fuel of record, sits at a record $6.23 per gallon.

Source: Nasdaq Markets

The price since 18 Sep 2026: United States Brent Oil Fund (BNO) versus the S&P 500

Since the first closing price after “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” 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. energy stocks (XLE) is +8.58%, a +5.31% difference versus that group of stocks.

BNO
SPY
XLE

Strait of Hormuz on the map for this story

Strait of Hormuz has 195 linked stories in the last 7 days and 195 in the last 30 on the page that also carries “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?.” The recent pace is rising.

Who collects and who pays in energy

Companies tied to this story

  • BNO United States Brent Oil Fund

    For “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” 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

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    In “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” iShares S&P GSCI Commodity-Indexed Trust (GSG) 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

  • VDE Vanguard World Fd

    For “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” Vanguard World Fd (VDE) 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

  • FENY

    FENY is linked, with no stored direction, high confidence in the 18 Sep 2026 story “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?.” 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

    For “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” Ishares U.S. Oil Equipment & Services Etf (IEZ) 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

    In “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” United States Gasoline Fund (UGA) 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

    In “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?,” 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

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

What Strait of Hormuz means for United States Brent Oil Fund (BNO)

The 18 Sep 2026 story “Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?” names United States Brent Oil Fund (BNO) because of Strait of Hormuz.

What ties United States Brent Oil Fund (BNO) to the headline is this: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

iShares S&P GSCI Commodity-Indexed Trust (GSG) is here too. Its reason reads: 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. VDE traded between 176.54 and 190.84 across 10 sessions. The latest close on file is 189.01.

What the saved facts support for United States Brent Oil Fund (BNO)

46 out of 100

“Oil Is Soaring. Do These 7%-13% Yields Have More Room to Fly?” scores 46 out of 100. The score uses 1 sources, and 23 linked companies.