Trump Says Iran Wants to Talk as Hormuz Tanker Attacks Continue
Published . Updated .
Trump says Iran wants to negotiate as limpet mines strike tankers in Hormuz and the US strike moratorium expires November 3. What it means for Saudi Arabia.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund+9.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) 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 “iran” (defense) in this story.
- KSA iShares MSCI Saudi Arabia ETF-7.9% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- 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.
- 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.
- 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 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -1.54% | -1.29% | base | after close | after close | after close | after close |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -2.94% | -2.39% | base | after close | after close | after close | after close |
| TNK | +0.20% | -1.49% | base | after close | after close | after close | after close |
| DHT | -1.70% | -2.24% | base | after close | after close | after close | after close |
| INSW | +1.66% | -0.13% | 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.
Market Call
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Trump Says Iran Wants to Talk as Hormuz Tanker Attacks Continue houseofsaud.com
Source: houseofsaud.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | three days earlier | -2.24% | final price |
| DHT | five days earlier | -1.70% | final price |
| FRO | three days earlier | -2.39% | final price |
| FRO | five days earlier | -2.94% | final price |
| INSW | three days earlier | -0.13% | final price |
| INSW | five days earlier | +1.66% | final price |
| TNK | three days earlier | -1.49% | final price |
| TNK | five days earlier | +0.20% | final price |
| USO | three days earlier | -1.29% | final price |
| USO | five days earlier | -1.54% | final price |
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 153 stories about Strait of Hormuz from the past 7 days and 412 stories from the past 30. That is faster than its usual pace over the past month. “Trump Says Iran Wants to Talk as Hormuz Tanker Attacks Continue” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“Trump Says Iran Wants to Talk as Hormuz Tanker Attacks Continue” scores 12 out of 100. The score uses 1 sources.