Geopolitics Alpha

Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran

Published . Updated .

Oil fell Monday, as traders keep watch for a recovery in shipments from Saudi Arabia, even as Mideast tensions continue to escalate.

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

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with Iran supply risk

  • 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———————

United States Oil Fund (USO) compared with energy stocks (XLE) since 21 Sep 2026

Since the first closing price after “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran,” United States Oil Fund (USO) is +11.62%. The S&P 500 fund (SPY) is -0.88% over the same days, a +12.50% difference versus the market. energy stocks (XLE) is +9.77%, a +1.85% difference versus that group of stocks.

USO
SPY
XLE

Filings that name United States Oil Fund (USO) around 21 Sep 2026

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).

The Middle East count beside this story

Middle East has 0 linked stories in the last 7 days and 0 in the last 30 on the page that also carries “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran.”

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

Companies carried with this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 21 Sep 2026 story “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • BNO United States Brent Oil Fund

    United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 21 Sep 2026 story “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence in the 21 Sep 2026 story “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    For “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) 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

  • AEIS Advanced Energy Industries

    Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran.” Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    For “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran,” Amplify Energy (AMPY) is linked, with no stored direction, medium confidence. Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ATO Atmos Energy

    In “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran,” Atmos Energy (ATO) is linked, with no stored direction, medium confidence. Reason on file: GA selected ATO as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BE Bloom Energy

    In “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran,” Bloom Energy (BE) is linked, with no stored direction, medium confidence. Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

From Middle East to United States Oil Fund (USO)

On 21 Sep 2026, “Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran” is the story that connects United States Oil Fund (USO) to Middle East.

United States Oil Fund (USO) is on the page because Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

A second company, United States Brent Oil Fund (BNO), is listed for a different reason: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

The price range for United States Oil Fund (USO), and the dates in the story

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

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

100 out of 100

“Oil prices tumble back below $100 per barrel after Trump says he's open to talking to Iran” scores 100 out of 100. The score uses 10 linked companies.