Geopolitics Alpha

Oil prices swing after U.S. attacks Iran

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, BWET, ITA, XOM
  • Market reaction: USO +0.3% on the day (still updating); XLE −0.2% on the day (still updating); BWET −8.1% on the day (still updating)

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ENERGYOil prices swing after U.S.attacks IranGEOPOLITICS ALPHA

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+8.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+8.9% 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 “iran” (tanker shipping) in this story.

  • ITA iShares U.S. Aerospace & Defense ETF+0.3% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story.

  • XOM ExxonMobil Holdings+6.2% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+12.5% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+4.8% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • SHEL Shell-2.5% 12d

    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

TickerT-5T-3T-1T0T+1T+2T+3
USO+4.37%+7.30%base+0.28%after closeafter closeafter close
XLE+1.44%+2.16%base-0.19%after closeafter closeafter close
BWET-1.54%+2.86%base-8.08%after closeafter closeafter close
ITA-3.96%-0.11%base+1.62%after closeafter closeafter close
XOM+0.06%+1.89%base-0.88%after closeafter closeafter close
CVX+0.19%+1.58%base-0.75%after closeafter closeafter close
COP+0.74%+2.12%base-1.53%after closeafter closeafter close
SHEL-0.17%+2.59%base-0.53%after closeafter closeafter 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.

Oil prices swing after U.S. attacks Iran Transport Topics

Source: Transport Topics

How far United States Oil Fund (USO) has moved since 3 Nov 2026

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day-8.08%still updating
Amplify Commodity Trust (BWET)three days earlier+2.86%final price
Amplify Commodity Trust (BWET)five days earlier-1.54%final price
Conocophillips (COP)that day-1.53%still updating
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%final price
Chevron (CVX)that day-0.75%still updating
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
IShares U.S. Aerospace & Defense ETF (ITA)that day+1.62%still updating
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier-0.11%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier-3.96%final price
SHELthat day-0.53%still updating
SHELthree days earlier+2.59%final price
SHELfive days earlier-0.17%final price
United States Oil Fund (USO)that day+0.28%still updating
United States Oil Fund (USO)three days earlier+7.30%final price
United States Oil Fund (USO)five days earlier+4.37%final price
Select Sector Spdr Tr (XLE)that day-0.19%still updating
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
ExxonMobil Holdings (XOM)that day-0.88%still updating
ExxonMobil Holdings (XOM)three days earlier+1.89%final price
ExxonMobil Holdings (XOM)five days earlier+0.06%final price

Trades by members of Congress and officials in the stocks in this story

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).

Who collects and who pays in energy

The side that tends to collect

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 3 Nov 2026 story “Oil prices swing after U.S. attacks Iran.” 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 3 Nov 2026 story “Oil prices swing after U.S. attacks Iran.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • OXY Occidental Petroleum

    In “Oil prices swing after U.S. attacks Iran,” Occidental Petroleum (OXY) tends to benefit, medium confidence. Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

No up or down call on file

  • USO United States Oil Fund

    In “Oil prices swing after U.S. attacks Iran,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. 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 3 Nov 2026 story “Oil prices swing after U.S. attacks Iran.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • BWET Amplify Commodity Trust

    Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Oil prices swing after U.S. attacks Iran.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story

  • ITA IShares U.S. Aerospace & Defense ETF

    IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Oil prices swing after U.S. attacks Iran.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story

United States Oil Fund (USO) and the energy link

United States Oil Fund (USO) is the company in “Oil prices swing after U.S. attacks Iran,” the 3 Nov 2026 Energy 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

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

What this energy story puts on the calendar

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

The energy score for United States Oil Fund (USO)

46 out of 100Price not final

“Oil prices swing after U.S. attacks Iran” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.