Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks
Published . Updated .
This report is about oil and tanker shipping. Names like XOM and CVX typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 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+64.8% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-6.7% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story.
- KSA iShares MSCI Saudi Arabia ETF-10.9% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.7% 30d
ConocoPhillips (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 |
|---|---|---|---|---|---|---|---|
| USO | -5.13% | -5.78% | base | after close | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | after close | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | after close | after close | after close | after close |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
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.
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.
Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks WSJ
Source: The Wall Street Journal
United States Oil Fund (USO) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | -2.77% | final price |
| Chevron (CVX) | five days earlier | -3.75% | final price |
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.80% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 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 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 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 61 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 63 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 66 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 39 days before publication. Filed 13 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 66 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).
United States Oil Fund (USO) on one side of this energy story
The side that tends to collect
- USO United States Oil Fund
For “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” United States Oil Fund (USO) tends to benefit, medium confidence. Reason on file: Oil prices move when Iranian supply is at risk. Linked by “iran + oil” in this story
- XLE Select Sector Spdr Tr
For “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” Select Sector Spdr Tr (XLE) tends to benefit, medium confidence. Reason on file: Energy companies move with Iran supply risk. Linked by “iran + oil” in this story
- LMT Lockheed Martin
In “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” Lockheed Martin (LMT) tends to benefit, medium confidence. Reason on file: Defense contractors get more work when conflict spending rises. Linked by “iran + oil” in this story
- XOM ExxonMobil Holdings
In “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “iran + oil” in this story
- CVX Chevron
For “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + prices” in this story
- OXY Occidental Petroleum
In “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” Occidental Petroleum (OXY) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + prices” in this story
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks,” the 26 Oct 2026 Energy story.
United States Oil Fund (USO) is on the page because Oil prices move when Iranian supply is at risk. Linked by “iran + oil” in this story
Also listed, Select Sector Spdr Tr (XLE): Energy companies move with Iran supply risk. Linked by “iran + oil” in this story
What this energy story puts on the calendar
LMT traded between 497.32 and 609.35 across 20 sessions. The latest close on file is 604.45. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55. XLE traded between 60.95 and 69.72 across 20 sessions. The latest close on file is 69.32.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.