Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran
Published . Updated .
This report is about oil and tanker shipping. Names like XOM and CVX typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+9.3% 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 tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+10.9% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+10.5% 30d
Chevron (petroleum refining): 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.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FRO Frontline+10.0% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (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 |
|---|---|---|---|---|---|---|---|
| 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 | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | after close | after close | after close | after close |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -2.87% | -2.32% | 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.
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Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran New York Post
Source: New York Post
How United States Oil Fund (USO) moved after the last 17 energy shocks
United States Oil Fund (USO) the next day, across 17 earlier stories: average +4.09%, largest gain +6.10%, largest drop +2.68%, from 17 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +4.09% | +6.10% | +2.68% | 17 |
| United States Oil Fund (USO) | three days later | +2.58% | +5.08% | +2.22% | 17 |
| Select Sector Spdr Tr (XLE) | the next day | +2.17% | +2.88% | -0.95% | 17 |
| Select Sector Spdr Tr (XLE) | three days later | +0.82% | +1.30% | +0.18% | 17 |
| ExxonMobil Holdings (XOM) | the next day | +2.90% | +3.24% | +0.37% | 15 |
| ExxonMobil Holdings (XOM) | three days later | +1.80% | +2.38% | +1.19% | 15 |
- Oil prices increase as 7 tankers reported damaged in Hormuz
- Iran says 7 tankers were damaged in the Strait of Hormuz, and other Mideast news
- Gold, silver pressured despite lower yields as Hormuz attacks send crude higher - Kitco AM Report
- Iran Says Seven Oil Tankers Burn Or Are Damaged In Strait Of Hormuz: 6 outlets compared
- Oil Prices Surge to Highest Level Since May as Houthi Attacks, Hormuz Threats Fuel Supply Fears
- Oil Prices Rise as Traders Weigh Saudi Aramco Attack Report, Hormuz Shipping Risks
United States Oil Fund (USO) compared with energy stocks (XLE) since 30 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| Frontline (FRO) | three days earlier | -2.32% | final price |
| Frontline (FRO) | five days earlier | -2.87% | final price |
| 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 16 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 60 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 16 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 37 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 58 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 65 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 67 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 70 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 70 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 141 stories about Strait of Hormuz from the past 7 days and 394 stories from the past 30. That is faster than its usual pace over the past month. “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran” is tagged to Strait of Hormuz.
Who collects and who pays in energy
The side that tends to collect
- XOM ExxonMobil Holdings
In “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. 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
In “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran,” 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 30 Oct 2026 story “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran.” 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
- FRO Frontline
Frontline (FRO) tends to benefit, medium confidence in the 30 Oct 2026 story “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran.” Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) 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 30 Oct 2026 story “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran.” 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 “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran,” 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
In “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran,” 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 “oil” (tanker shipping) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
From Strait of Hormuz to United States Oil Fund (USO)
The 30 Oct 2026 story “Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran” names United States Oil Fund (USO) because of Strait of Hormuz.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) 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. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 168.21. XLE traded between 61.91 and 69.86 across 20 sessions. The latest close on file is 68.72.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“Ships carrying 2M barrels of oil hit mines, explode in Strait of Hormuz: Iran” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.