Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse
Published . Updated .
Shafaq News- Abu DhabiGlobal oil inventories have fallen by nearly 1 billion barrels since the US-Israeli war on Iran disrupted shipping through the Strait of Hormuz, sharply depleting the reserves th
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 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.
- EIS iShares MSCI Israel ETF-1.2% 13d
iShares MSCI Israel ETF holds stocks listed in Israel, which this story is about (“israeli”).
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+1.5% 30d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (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 |
|---|---|---|---|---|---|---|---|
| USO | -1.54% | -1.29% | base | after close | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| EISNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| CVXNo price data for this ticker | — | — | — | — | — | — | — |
| OXYNo price data for this ticker | — | — | — | — | — | — | — |
| COPNo 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.
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Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse شفق نيوز
Source: 블루밍비트
How United States Oil Fund (USO) moved across the last 18 energy stories
United States Oil Fund (USO) the next day, across 18 earlier stories: average -2.79%, largest gain +6.10%, largest drop -3.69%, from 18 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -2.79% | +6.10% | -3.69% | 18 |
| United States Oil Fund (USO) | three days later | -0.95% | +2.58% | -1.37% | 18 |
| Select Sector Spdr Tr (XLE) | the next day | -1.09% | +2.88% | -1.51% | 18 |
| Select Sector Spdr Tr (XLE) | three days later | -0.69% | +1.30% | -0.87% | 18 |
| ExxonMobil Holdings (XOM) | the next day | -1.12% | +3.24% | -1.64% | 18 |
| ExxonMobil Holdings (XOM) | three days later | -0.20% | +2.18% | -0.44% | 18 |
| Chevron (CVX) | the next day | -2.02% | -2.02% | -2.02% | 4 |
| Chevron (CVX) | three days later | -0.77% | -0.77% | -0.77% | 4 |
- Two 'unauthorised' oil tankers struck in Strait of Hormuz, Iran says
- UAE Reports Oil Spill Reaching Umm Al Quwain Beaches After Tanker Attack Near Strait of Hormuz
- Iran escalates Strait of Hormuz shipping attacks with new tactics aimed at keeping global oil prices high before US midterm elections
- Two supertankers hit mines near Strait of Hormuz: IRGC
- Iran reports tanker blasts in Hormuz as Trump hints at renewed strikes
- Iran threatens tankers in Hormuz with destruction as oil and stocks swing wildly
Price since this story was published: United States Oil Fund (USO)
| Company | When | Move | Status |
|---|---|---|---|
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | 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 19 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 63 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 19 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 40 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 61 days before publication. Filed 7 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 73 days before publication. Filed 8 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 68 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 70 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 73 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 176 stories about Strait of Hormuz from the past 7 days and 467 stories from the past 30. That is faster than its usual pace over the past month. “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse” is tagged to Strait of Hormuz.
Who gains and who loses around United States Oil Fund (USO)
The side that tends to collect
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 2 Nov 2026 story “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse,” 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
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse.” 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 “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse,” 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
- COP Conocophillips
In “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse,” 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
- SHEL Shell
For “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
What Strait of Hormuz means for United States Oil Fund (USO)
On 2 Nov 2026, “Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse” is the story that connects United States Oil Fund (USO) to Strait of Hormuz.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00. XOM traded between 172.72 and 188.47 across 14 sessions. The latest close on file is 187.27.
The energy score for United States Oil Fund (USO)
54 out of 100
“Shafaq News..Hormuz disruption drives 1B-barrel oil inventory collapse” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.