South Korean Oil Tanker Takes Red Sea Detour as Hormuz Closure Persists
Published . Updated .
A 19th South Korean oil tanker is hauling crude via a Red Sea detour amid the prolonged Strait of Hormuz closure, routing through the Suez Canal to prioritize safety despite higher logistics costs.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+54.8% 19d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund+4.8% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- EWY iShares MSCI South Korea ETF-10.4% 30d
iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korean”).
- FRO Frontline+0.2% 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.
- 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+1.3% 8d
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
Teekay Tankers (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+9.0% 13d
ExxonMobil Holdings (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 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -4.83% | -2.20% | base | -0.11% | -0.68% | +1.02% | +5.37% |
| EWYNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | +16.36% | +3.59% | base | -0.80% | +1.16% | +1.04% | +4.34% |
| DHT | +15.32% | +1.74% | base | +1.39% | +4.82% | +4.77% | +6.64% |
| INSW | +19.32% | +7.97% | base | -0.09% | +6.25% | +3.53% | +5.74% |
| TNK | +12.34% | +2.47% | base | -0.16% | +1.23% | +0.51% | +4.90% |
| XOMNo 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.
Market Call
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South Korean Oil Tanker Takes Red Sea Detour as Hormuz Closure Persists IndexBox
Source: IndexBox
Red Sea
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +1.39% | final price |
| DHT | the next day | +4.82% | final price |
| DHT | two days later | +4.77% | final price |
| DHT | three days later | +6.64% | final price |
| DHT | three days earlier | +1.74% | final price |
| DHT | five days earlier | +15.32% | final price |
| FRO | that day | -0.80% | final price |
| FRO | the next day | +1.16% | final price |
| FRO | two days later | +1.04% | final price |
| FRO | three days later | +4.34% | final price |
| FRO | three days earlier | +3.59% | final price |
| FRO | five days earlier | +16.36% | final price |
| INSW | that day | -0.09% | final price |
| INSW | the next day | +6.25% | final price |
| INSW | two days later | +3.53% | final price |
| INSW | three days later | +5.74% | final price |
| INSW | three days earlier | +7.97% | final price |
| INSW | five days earlier | +19.32% | final price |
| TNK | that day | -0.16% | final price |
| TNK | the next day | +1.23% | final price |
| TNK | two days later | +0.51% | final price |
| TNK | three days later | +4.90% | final price |
| TNK | three days earlier | +2.47% | final price |
| TNK | five days earlier | +12.34% | final price |
| USO | that day | -0.11% | final price |
| USO | the next day | -0.68% | final price |
| USO | two days later | +1.02% | final price |
| USO | three days later | +5.37% | final price |
| USO | three days earlier | -2.20% | final price |
| USO | five days earlier | -4.83% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 50 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 81 days before publication. Filed 22 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 24 Jul 2026. That is 88 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).
How busy Red Sea has been lately
Geopolitics Alpha has 99 stories about Red Sea from the past 7 days and 200 stories from the past 30. That is faster than its usual pace over the past month. “South Korean Oil Tanker Takes Red Sea Detour as Hormuz Closure Persists” is tagged to Red Sea.
How solid the energy case looks
12 out of 100
“South Korean Oil Tanker Takes Red Sea Detour as Hormuz Closure Persists” scores 12 out of 100. The score uses 1 sources.