Sanctions-waived tankers could head to inefficient Middle East trading
Published . Updated .
If US waivers come through, the ageing dark fleet ships could be used as shuttles through the Strait of Hormuz
Directly affected
- No company is named in this report.
Indirectly affected
- 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+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “middle east” (oil) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-3.0% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “middle east” (defense) in this story.
- FRO Frontline+14.2% 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.
- TNK Teekay Tankers
Teekay Tankers (water transportation): 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+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “middle east” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -2.52% | -0.26% | base | +0.32% | +1.30% | after close | after close |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -7.71% | -0.56% | base | +1.86% | +2.38% | after close | after close |
| TNK | -4.03% | +1.71% | base | +1.93% | +1.10% | after close | after close |
| DHT | -1.31% | +0.55% | base | +2.64% | +2.02% | after close | after close |
| INSW | -2.92% | +1.80% | base | +1.69% | -0.14% | after close | after close |
| XOM | -2.14% | +1.35% | base | +0.18% | +2.84% | 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.
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Sanctions-waived tankers could head to inefficient Middle East trading TradeWinds News
Source: TradeWinds News
Middle East
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +2.64% | final price |
| DHT | the next day | +2.02% | final price |
| DHT | three days earlier | +0.55% | final price |
| DHT | five days earlier | -1.31% | final price |
| FRO | that day | +1.86% | final price |
| FRO | the next day | +2.38% | final price |
| FRO | three days earlier | -0.56% | final price |
| FRO | five days earlier | -7.71% | final price |
| INSW | that day | +1.69% | final price |
| INSW | the next day | -0.14% | final price |
| INSW | three days earlier | +1.80% | final price |
| INSW | five days earlier | -2.92% | final price |
| TNK | that day | +1.93% | final price |
| TNK | the next day | +1.10% | final price |
| TNK | three days earlier | +1.71% | final price |
| TNK | five days earlier | -4.03% | final price |
| USO | that day | +0.32% | final price |
| USO | the next day | +1.30% | final price |
| USO | three days earlier | -0.26% | final price |
| USO | five days earlier | -2.52% | final price |
| XOM | that day | +0.18% | final price |
| XOM | the next day | +2.84% | final price |
| XOM | three days earlier | +1.35% | final price |
| XOM | five days earlier | -2.14% | 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 15 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 59 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 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).
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How solid the energy case looks
12 out of 100
“Sanctions-waived tankers could head to inefficient Middle East trading” scores 12 out of 100. The score uses 1 sources.