Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping
Published . Updated .
Key takeaways
- Oil prices climbed towards $100 a barrel on Thursday as fresh attacks on commercial shipping in and around the Strait of Hormuz underscored the continuing threat to global energy supplies, despite growing expectations that the US midterm election results could push President
- Exposed: USO, XLE, BWET, FRO, DHT
- Market reaction: price tracking starts with the next trading session.
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Oil prices climbed towards $100 a barrel on Thursday as fresh attacks on commercial shipping in and around the Strait of Hormuz underscored the continuing threat to global energy supplies, despite growing expectations that the US midterm election results could push President
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-5.0% 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+5.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+3.9% 19d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): 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 | +13.96% | +6.75% | base | after close | after close | after close | after close |
| XLE | +13.47% | +8.12% | base | after close | after close | after close | after close |
| BWET | +38.94% | +24.54% | base | after close | after close | after close | after close |
| XOM | +13.27% | +7.37% | base | after close | after close | after close | after close |
| CVXNo price data for this ticker | — | — | — | — | — | — | — |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| ZIMNo 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.
Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping TradeArabia
Source: TradeArabia
16 earlier Strait of Hormuz stories for United States Oil Fund (USO)
In the last 16 similar stories, United States Oil Fund (USO) moved an average of +1.30% the next day. The best was +1.30% and the worst was +1.30%, from 16 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +1.30% | +1.30% | +1.30% | 16 |
| United States Oil Fund (USO) | three days later | -5.11% | -5.11% | -5.11% | 14 |
| Select Sector Spdr Tr (XLE) | the next day | +2.25% | +2.25% | +2.25% | 16 |
| Select Sector Spdr Tr (XLE) | three days later | -2.57% | -2.57% | -2.57% | 8 |
| Amplify Commodity Trust (BWET) | the next day | +4.09% | +4.09% | +4.09% | 16 |
| Amplify Commodity Trust (BWET) | three days later | -6.70% | -6.70% | -6.70% | 16 |
| Frontline (FRO) | the next day | +2.38% | +2.38% | +2.38% | 16 |
| Frontline (FRO) | three days later | -5.55% | -5.55% | -5.55% | 9 |
- 3 oil tankers caught fire after hitting mines in Strait of Hormuz, Iran's Revolutionary Guard says
- 3 oil tankers struck mines in the Strait of Hormuz, Iran says
- Qatar becomes largest buyer of LNG from US amid Hormuz disruption
- QatarEnergy Continues LNG Buying Spree to Hedge Future Hormuz Disruptions
- EXCLUSIVE: QatarEnergy buys US, other LNG to hedge future Hormuz disruptions
- QatarEnergy buys U.S., other LNG supplies to hedge against future Strait of Hormuz disruptions
United States Oil Fund (USO) compared with energy stocks (XLE) since 6 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +24.54% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +38.94% | final price |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +13.96% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +8.12% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +13.47% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +7.37% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +13.27% | 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 23 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 67 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 23 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 44 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 65 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 72 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 74 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 77 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).
The Strait of Hormuz count beside this story
Geopolitics Alpha has 180 stories about Strait of Hormuz from the past 7 days and 544 stories from the past 30. That is faster than its usual pace over the past month. “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping” is tagged to Strait of Hormuz.
United States Oil Fund (USO) on one side of this energy story
Likely winners
- FRO Frontline
In “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping,” Frontline (FRO) tends to benefit, medium confidence. Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- DHT DHT Holdings
In “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping,” DHT Holdings (DHT) tends to benefit, medium confidence. Reason on file: DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- INSW International Seaways
International Seaways (INSW) tends to benefit, medium confidence in the 6 Nov 2026 story “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping.” Reason on file: International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- TNK Teekay Tankers
For “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping,” Teekay Tankers (TNK) tends to benefit, medium confidence. Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
No up or down call on file
- USO United States Oil Fund
For “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping,” 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
For “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. 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 6 Nov 2026 story “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How energy news reaches United States Oil Fund (USO)
On 6 Nov 2026, “Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping” is the story that connects United States Oil Fund (USO) to Strait of Hormuz.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 145.42. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Oil Fund (USO)
46 out of 100
“Oil surges towards $100 as fresh tanker attacks threaten Hormuz shipping” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.