Trump faces escalating oil crisis over Iran blocking Strait of Hormuz
Published . Updated .
Trump faces escalating oil crisis over Iran blocking Strait of Hormuz ABC News - Breaking News, Latest News and Videos
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+4.8% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.5% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+38.2% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (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.
- CVX Chevron+7.9% 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+8.0% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- 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 “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 | -3.36% | -2.27% | base | -1.78% | +0.26% | after close | after close |
| XLE | -2.42% | -2.96% | base | -1.97% | -1.69% | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -3.61% | -3.44% | base | -2.35% | -1.33% | after close | after close |
| CVX | -2.74% | -2.34% | base | -1.61% | -1.17% | after close | after close |
| OXYNo price data for this ticker | — | — | — | — | — | — | — |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -8.88% | -7.19% | base | -2.56% | +1.38% | 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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Trump faces escalating oil crisis over Iran blocking Strait of Hormuz ABC News - Breaking News, Latest News and Videos
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| CVX | that day | -1.61% | final price |
| CVX | the next day | -1.17% | final price |
| CVX | three days earlier | -2.34% | final price |
| CVX | five days earlier | -2.74% | final price |
| FRO | that day | -2.56% | final price |
| FRO | the next day | +1.38% | final price |
| FRO | three days earlier | -7.19% | final price |
| FRO | five days earlier | -8.88% | final price |
| USO | that day | -1.78% | final price |
| USO | the next day | +0.26% | final price |
| USO | three days earlier | -2.27% | final price |
| USO | five days earlier | -3.36% | final price |
| XLE | that day | -1.97% | final price |
| XLE | the next day | -1.69% | final price |
| XLE | three days earlier | -2.96% | final price |
| XLE | five days earlier | -2.42% | final price |
| XOM | that day | -2.35% | final price |
| XOM | the next day | -1.33% | final price |
| XOM | three days earlier | -3.44% | final price |
| XOM | five days earlier | -3.61% | 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 57 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 88 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 34 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 55 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 62 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 67 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 62 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 64 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 67 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).
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 112 stories about Strait of Hormuz from the past 7 days and 319 stories from the past 30. That is faster than its usual pace over the past month. “Trump faces escalating oil crisis over Iran blocking Strait of Hormuz” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“Trump faces escalating oil crisis over Iran blocking Strait of Hormuz” scores 12 out of 100. The score uses 1 sources.