Geopolitics Alpha

Oil Prices Jump on Outburst of Violence in the Middle East

Published . Updated .

Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.

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

  • ZIM ZIM Integrated Shipping

    Container lines are exposed when a shipping lane is disrupted

  • MATX Matson

    Container lines are exposed when a shipping lane is disrupted

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • 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———————
ZIM———————
MATX———————
LMT———————
DAL———————

Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.

Source: The New York Times

Price since this story was published: United States Brent Oil Fund (BNO)

Since the first closing price after “Oil Prices Jump on Outburst of Violence in the Middle East,” United States Brent Oil Fund (BNO) is +2.99%. The S&P 500 fund (SPY) is -1.47% over the same days, a +4.46% difference versus the market. energy stocks (XLE) is +2.70%, a +0.30% difference versus that group of stocks.

CompanyWhenMoveStatus
Advanced Energy Industries (AEIS)that day+1.51%final price
Advanced Energy Industries (AEIS)the next day-1.19%final price
Advanced Energy Industries (AEIS)two days later-3.07%final price
Advanced Energy Industries (AEIS)three days later-8.32%final price
Advanced Energy Industries (AEIS)three days earlier+6.47%final price
Advanced Energy Industries (AEIS)five days earlier+7.00%final price
Amplify Energy (AMPY)that day-2.61%final price
Amplify Energy (AMPY)the next day-1.63%final price
Amplify Energy (AMPY)two days later+0.44%final price
Amplify Energy (AMPY)three days later-5.23%final price
Amplify Energy (AMPY)three days earlier-2.29%final price
Amplify Energy (AMPY)five days earlier-5.01%final price
Ardmore Shipping (ASC)that day-0.95%final price
Ardmore Shipping (ASC)the next day+1.93%final price
Ardmore Shipping (ASC)two days later+3.55%final price
Ardmore Shipping (ASC)three days later+1.18%final price
Ardmore Shipping (ASC)three days earlier-3.24%final price
Ardmore Shipping (ASC)five days earlier-0.92%final price
Atmos Energy (ATO)that day+0.62%final price
Atmos Energy (ATO)the next day+1.09%final price
Atmos Energy (ATO)two days later+1.72%final price
Atmos Energy (ATO)three days later+2.06%final price
Atmos Energy (ATO)three days earlier-0.55%final price
Atmos Energy (ATO)five days earlier-2.14%final price
Bloom Energy (BE)that day+2.74%final price
Bloom Energy (BE)the next day-3.79%final price
Bloom Energy (BE)two days later-3.41%final price
Bloom Energy (BE)three days later-12.26%final price
Bloom Energy (BE)three days earlier+8.42%final price
Bloom Energy (BE)five days earlier+6.04%final price
BNO
SPY
XLE

The Strait of Hormuz count beside 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 Prices Jump on Outburst of Violence in the Middle East.” The recent pace is rising.

United States Brent Oil Fund (BNO) on one side of this energy story

Companies mentioned with this story

  • BNO United States Brent Oil Fund

    United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 11 Oct 2026 story “Oil Prices Jump on Outburst of Violence in the Middle East.” 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 Prices Jump on Outburst of Violence in the Middle East,” 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

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence in the 11 Oct 2026 story “Oil Prices Jump on Outburst of Violence in the Middle East.” 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

    Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 11 Oct 2026 story “Oil Prices Jump on Outburst of Violence in the Middle East.” 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

    For “Oil Prices Jump on Outburst of Violence in the Middle East,” FENY 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

    State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 11 Oct 2026 story “Oil Prices Jump on Outburst of Violence in the Middle East.” 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 Prices Jump on Outburst of Violence in the Middle East,” 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

  • USO United States Oil Fund

    For “Oil Prices Jump on Outburst of Violence in the Middle East,” United States Oil Fund (USO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

United States Brent Oil Fund (BNO) and the energy link

On 11 Oct 2026, “Oil Prices Jump on Outburst of Violence in the Middle East” is the story that connects United States Brent Oil Fund (BNO) to Strait of Hormuz.

For United States Brent Oil Fund (BNO), the reason on file says Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

United States Gasoline Fund (UGA) 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 in the story, and the United States Brent Oil Fund (BNO) price range

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. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

How strong the case is around United States Brent Oil Fund (BNO)

46 out of 100

“Oil Prices Jump on Outburst of Violence in the Middle East” scores 46 out of 100. The score uses 1 sources, and 16 linked companies.