Geopolitics Alpha

Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues

Published . Updated .

Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues USA Herald

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline

    Tanker operators earn more when freight rates spike

  • INSW International Seaways

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund

    Tracks U.S. crude prices when Gulf supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with a Gulf supply scare

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRO———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
LMT———————
XOM———————
RTX———————
DAL———————

Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues USA Herald

Source: USA Herald

Price since this story was published: United States Brent Oil Fund (BNO)

Since the first closing price after “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues,” United States Brent Oil Fund (BNO) is +13.89%. The S&P 500 fund (SPY) is -0.89% over the same days, a +14.79% difference versus the market. industrial stocks (XLI) is -1.91%, a +15.80% difference versus that group of stocks.

BNO
SPY
XLI

Where this story sits: Strait of Hormuz

Strait of Hormuz has 195 linked stories in the last 7 days and 195 in the last 30 on the page that also carries “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues.” The recent pace is rising.

Who gains and who pays if Strait of Hormuz stays in the story

Companies mentioned with this story

  • BNO United States Brent Oil Fund

    For “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • UGA United States Gasoline Fund

    For “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues,” United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    In “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • VDE Vanguard World Fd

    Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 20 Sep 2026 story “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • FENY

    FENY is linked, with no stored direction, high confidence in the 20 Sep 2026 story “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 20 Sep 2026 story “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • IEZ Ishares U.S. Oil Equipment & Services Etf

    In “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

  • XAR Spdr Series Trust

    Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 20 Sep 2026 story “Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues.” Reason on file: Material security escalation can alter defense demand expectations and risk premia

How a Strait of Hormuz shock reaches United States Brent Oil Fund (BNO)

“Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues” (20 Sep 2026) reaches United States Brent Oil Fund (BNO) through Strait of Hormuz.

For United States Brent Oil Fund (BNO), the reason on file says Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

Also listed, United States Gasoline Fund (UGA): Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity

The price range for United States Brent Oil Fund (BNO), and the dates in the story

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

How strong the case is around United States Brent Oil Fund (BNO)

46 out of 100

“Strait of Hormuz Oil Shipments Reach Six-Month High as U.S.-Iran War Continues” scores 46 out of 100. The score uses 1 sources, and 23 linked companies.