Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack
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Safe passage deal thrown into question amid urgent need to diversify energy supplies and routes
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- EEM iShares MSCI Emerging Markets ETF-4.4% 17d
iShares MSCI Emerging Markets ETF holds stocks listed in emerging markets, which this story is about (“pakistan”).
- FRO Frontline+1.0% 30d
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
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-10.8% 16d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker 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 |
|---|---|---|---|---|---|---|---|
| UNG | -3.53% | -0.64% | base | after close | after close | after close | after close |
| XLE | +9.12% | +3.08% | base | after close | after close | after close | after close |
| BWET | +35.08% | +5.02% | base | after close | after close | after close | after close |
| USO | +5.62% | -2.06% | base | after close | after close | after close | after close |
| EEM | +3.03% | +3.88% | base | after close | after close | after close | after close |
| FRO | +14.63% | +6.76% | base | after close | after close | after close | after close |
| DHT | +15.43% | +6.67% | base | after close | after close | after close | after close |
| INSW | +7.59% | +1.40% | base | after close | 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.
Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack Nikkei Asia
Source: Nikkei Asia
What happened to United States Natural Gas Fund (UNG) the last 15 times Strait of Hormuz was in the news
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Select Sector Spdr Tr (XLE) | the next day | -2.12% | -2.12% | -2.12% | 15 |
| Select Sector Spdr Tr (XLE) | three days later | -7.58% | -7.58% | -7.58% | 6 |
| Amplify Commodity Trust (BWET) | the next day | -2.78% | -2.78% | -2.78% | 14 |
| Amplify Commodity Trust (BWET) | three days later | -24.41% | -24.41% | -24.41% | 14 |
| United States Oil Fund (USO) | the next day | -6.80% | -6.80% | -6.80% | 15 |
| United States Oil Fund (USO) | three days later | -13.51% | -13.51% | -13.51% | 7 |
- Tanker in Strait of Hormuz hit by limpet mines, security sources say
- IRGC Claims Third Tanker Exploded by Sea Mine in Strait of Hormuz
- Oil Prices Rise After Hormuz Tanker Attack, Houthi Claims Stoke Supply Fears
- Oil Poised for Fourth Monthly Gain Amid Hormuz Supply Risks
- Gold drops below $4,000, silver tumbles as Hormuz attack lifts oil prices - Kitco AM Report
- Rare Speedboat Attack in Hormuz Ignites Tanker’s Engine Room
United States Natural Gas Fund (UNG) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +5.02% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +35.08% | final price |
| DHT Holdings (DHT) | three days earlier | +6.67% | final price |
| DHT Holdings (DHT) | five days earlier | +15.43% | final price |
| Ishares Tr (EEM) | three days earlier | +3.88% | final price |
| Ishares Tr (EEM) | five days earlier | +3.03% | final price |
| Frontline (FRO) | three days earlier | +6.76% | final price |
| Frontline (FRO) | five days earlier | +14.63% | final price |
| International Seaways (INSW) | three days earlier | +1.40% | final price |
| International Seaways (INSW) | five days earlier | +7.59% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -0.64% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -3.53% | final price |
| United States Oil Fund (USO) | three days earlier | -2.06% | final price |
| United States Oil Fund (USO) | five days earlier | +5.62% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +3.08% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +9.12% | final price |
How busy Strait of Hormuz has been lately
Geopolitics Alpha has 144 stories about Strait of Hormuz from the past 7 days and 591 stories from the past 30. That is about its usual pace over the past month. “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack” is tagged to Strait of Hormuz.
Companies in energy around United States Natural Gas Fund (UNG)
The side that tends to collect
- FRO Frontline
Frontline (FRO) tends to benefit, medium confidence in the 8 Nov 2026 story “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack.” 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
For “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack,” 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
For “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack,” International Seaways (INSW) tends to benefit, medium confidence. 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
No up or down call on file
- UNG United States Natural Gas Fund
For “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack.” Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- BWET Amplify Commodity Trust
In “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story
How energy news reaches United States Natural Gas Fund (UNG)
The 8 Nov 2026 story “Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack” names United States Natural Gas Fund (UNG) because of Strait of Hormuz.
United States Natural Gas Fund (UNG) is on the page because United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) 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. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How solid the energy case looks
46 out of 100
“Pakistan's Hormuz agreement with Iran faces test after LNG tanker attack” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.