Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
Published . Updated .
Covered by 3 outlets: CNBC, Reuters, The Lufkin Daily News.
Who covered it: Center 2 · Not rated 1. How we rate outlets
Key takeaways
- Oil rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz.
- Exposed: CVX, OXY, MATX, COP, USO
- Market reaction: CVX +0.8% on the day (still updating); OXY +0.7% on the day (still updating); BWET +4.9% on the day (still updating)
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Oil rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 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 shipping freight. Linked by “shipping” (container shipping) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+3.3% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- MATX Matson-5.8% 11d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) 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.
- ZIM ZIM Integrated Shipping Services-1.2% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) 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 | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.57% | after close | after close | after close |
| BWET | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| XOM | +3.07% | +0.89% | base | +1.25% | after close | after close | after close |
| CVX | +2.73% | +0.67% | base | +0.78% | after close | after close | after close |
| MATX | +1.77% | +2.30% | base | +1.84% | after close | after close | after close |
| COP | +0.96% | +0.52% | base | +1.36% | after close | after close | after close |
| ZIM | +1.49% | -0.50% | base | +3.31% | after close | after close | after 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 rises from two-month low as Hormuz shipping attacks offset Iran truce hopes CNBC
Source: CNBC
18 earlier Strait of Hormuz stories for Chevron (CVX)
Those 18 earlier stories put Chevron (CVX) at an average move of -4.75% the next day. Largest gain -4.40%, largest drop -4.77%, from 16 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Chevron (CVX) | the next day | -4.75% | -4.40% | -4.77% | 16 |
| Chevron (CVX) | three days later | -6.51% | -6.49% | -6.75% | 16 |
| Occidental Petroleum (OXY) | the next day | -5.81% | -5.58% | -6.74% | 5 |
| Occidental Petroleum (OXY) | three days later | -6.93% | -6.74% | -7.69% | 5 |
| Matson (MATX) | the next day | -4.85% | -4.85% | -4.85% | 2 |
| Matson (MATX) | three days later | -4.04% | -4.04% | -4.04% | 2 |
| Conocophillips (COP) | the next day | -6.77% | -6.77% | -6.77% | 13 |
| Conocophillips (COP) | three days later | -7.18% | -7.18% | -7.18% | 13 |
- Aramco expanding East-West Pipeline that avoids Hormuz
- UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions
- Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says
- Aramco Targets Hormuz Bypass with East-West Pipeline Expansion
- Watch US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge
- Strait of Hormuz Disruptions: Soaring fuel prices and the burden of inflation
Chevron (CVX) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | +4.90% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +29.19% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +35.67% | final price |
| Conocophillips (COP) | that day | +1.36% | still updating |
| Conocophillips (COP) | three days earlier | +0.52% | final price |
| Conocophillips (COP) | five days earlier | +0.96% | final price |
| Chevron (CVX) | that day | +0.78% | still updating |
| Chevron (CVX) | three days earlier | +0.67% | final price |
| Chevron (CVX) | five days earlier | +2.73% | final price |
| Matson (MATX) | that day | +1.84% | still updating |
| Matson (MATX) | three days earlier | +2.30% | final price |
| Matson (MATX) | five days earlier | +1.77% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.57% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.25% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | final price |
| ZIM | that day | +3.31% | still updating |
| ZIM | three days earlier | -0.50% | final price |
| ZIM | five days earlier | +1.49% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 49 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 70 days before publication. Filed 7 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 77 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 79 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 82 days before publication. Filed 8 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 82 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).
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 211 stories about Strait of Hormuz from the past 7 days and 695 stories from the past 30. That is about its usual pace over the past month. “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes” is tagged to Strait of Hormuz.
Who gains and who loses around Chevron (CVX)
Companies that tend to gain
- CVX Chevron
For “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes,” Chevron (CVX) tends to benefit, medium confidence. 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
Occidental Petroleum (OXY) tends to benefit, medium confidence in the 11 Nov 2026 story “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes.” 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
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 11 Nov 2026 story “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- MATX Matson
For “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes,” Matson (MATX) is linked, with no stored direction, medium confidence. Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story
- COP Conocophillips
In “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- USO United States Oil Fund
For “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes,” 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 11 Nov 2026 story “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
From Strait of Hormuz to Chevron (CVX)
The 11 Nov 2026 story “Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes” names Chevron (CVX) because of Strait of Hormuz.
What ties Chevron (CVX) to the headline is this: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
Also listed, Occidental Petroleum (OXY): Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
Dates in the story, and the Chevron (CVX) price range
CVX traded between 206.11 and 236.45 across 20 sessions. The latest close on file is 211.21. MATX traded between 202.83 and 233.52 across 11 sessions. The latest close on file is 206.82. OXY traded between 54.76 and 64.95 across 17 sessions. The latest close on file is 62.73.
How strong the case is around Chevron (CVX)
62 out of 100Price not final
“Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes” scores 62 out of 100. The score uses 3 sources, and 8 linked companies. The price is not final yet.