Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz
Published . Updated .
This report is about oil and tanker shipping. Names like TNK and FRO typically gain because teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) 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+25.1% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+0.3% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iranian” (defense) 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.
- 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 “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+3.4% 10d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (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 | +0.80% | -2.73% | base | +1.27% | after close | after close | after close |
| XLE | +0.88% | -0.71% | base | +1.35% | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| TNK | -1.93% | -3.00% | base | -1.05% | after close | after close | after close |
| FRO | -6.45% | -4.89% | base | -0.03% | after close | after close | after close |
| DHT | -2.07% | -3.81% | base | -0.58% | after close | after close | after close |
| INSW | -2.50% | -1.98% | base | -2.15% | 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.
Market Call
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Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz CNBC
Source: CNBC
How United States Oil Fund (USO) moved after the last 14 energy shocks
In the last 14 similar stories, United States Oil Fund (USO) moved an average of +4.15% the next day. The best was +6.10% and the worst was -0.66%, from 14 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +4.15% | +6.10% | -0.66% | 14 |
| United States Oil Fund (USO) | three days later | +2.25% | +2.58% | +0.46% | 14 |
| Select Sector Spdr Tr (XLE) | the next day | +2.06% | +2.88% | -0.41% | 14 |
| Select Sector Spdr Tr (XLE) | three days later | +0.58% | +1.30% | -0.96% | 14 |
- Malaysia's trade surges 27% amid tariffs, Hormuz closure
- Iran says seven oil tankers damaged in Strait of Hormuz
- Iran says 7 tankers on fire or damaged overnight in the Strait of Hormuz, and other Mideast news
- Iraq is looking to charter tankers to ship fuel oil outside of the Strait of Hormuz
- WTI crude squeezed between Hormuz risk and diesel ban speculation
- IRGC says four vessels carrying oil hit mines near Hormuz, warns US of wider responses
The price since 30 Oct 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| DHT Holdings (DHT) | that day | -0.58% | still updating |
| DHT Holdings (DHT) | three days earlier | -3.81% | final price |
| DHT Holdings (DHT) | five days earlier | -2.07% | final price |
| Frontline (FRO) | that day | -0.03% | still updating |
| Frontline (FRO) | three days earlier | -4.89% | final price |
| Frontline (FRO) | five days earlier | -6.45% | final price |
| International Seaways (INSW) | that day | -2.15% | still updating |
| International Seaways (INSW) | three days earlier | -1.98% | final price |
| International Seaways (INSW) | five days earlier | -2.50% | final price |
| Teekay Tankers (TNK) | that day | -1.05% | still updating |
| Teekay Tankers (TNK) | three days earlier | -3.00% | final price |
| Teekay Tankers (TNK) | five days earlier | -1.93% | final price |
| United States Oil Fund (USO) | that day | +1.27% | still updating |
| United States Oil Fund (USO) | three days earlier | -2.73% | final price |
| United States Oil Fund (USO) | five days earlier | +0.80% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.35% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.71% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +0.88% | final price |
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 135 stories about Strait of Hormuz from the past 7 days and 385 stories from the past 30. That is faster than its usual pace over the past month. “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz” is tagged to Strait of Hormuz.
Companies in energy around United States Oil Fund (USO)
Companies that tend to gain
- TNK Teekay Tankers
For “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz,” Teekay Tankers (TNK) tends to benefit, medium confidence. Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- FRO Frontline
Frontline (FRO) tends to benefit, medium confidence in the 30 Oct 2026 story “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz.” Reason on file: 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
In “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz,” DHT Holdings (DHT) tends to benefit, medium confidence. Reason on file: 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
In “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz,” International Seaways (INSW) tends to benefit, medium confidence. Reason on file: International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (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 “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz.” 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 “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz,” 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
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
- ITA IShares U.S. Aerospace & Defense ETF
In “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iranian” (defense) in this story
From Strait of Hormuz to United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz,” the 30 Oct 2026 Strait of Hormuz story.
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
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
The price range for United States Oil Fund (USO), and the dates in the story
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 100Price not final
“Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.