Geopolitics Alpha

Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record

Published . Updated .

U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.

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

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with Iran supply risk

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman

    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———————
RTX———————
NOC———————
DAL———————

U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.

Source: CNBC Top

The price since 14 Sep 2026: United States Oil Fund (USO) versus the S&P 500

Since the first closing price after “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” United States Oil Fund (USO) is -0.67%. The S&P 500 fund (SPY) is +1.21% over the same days, a -1.89% difference versus the market. energy stocks (XLE) is +2.82%, a -3.49% difference versus that group of stocks.

USO
SPY
XLE

Companies in energy around United States Oil Fund (USO)

Companies mentioned with this story

  • USO United States Oil Fund

    In “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” United States Oil Fund (USO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • BNO United States Brent Oil Fund

    In “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XLE Select Sector Spdr Tr

    In “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • 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 14 Sep 2026 story “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • UGA United States Gasoline Fund

    In “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    For “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • DBA Invesco Db Agriculture Fund

    Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 14 Sep 2026 story “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • MOO Vaneck Etf Trust

    In “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

How energy news reaches United States Oil Fund (USO)

On 14 Sep 2026, “Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record” is the story that connects United States Oil Fund (USO) to Energy.

The link for United States Oil Fund (USO) is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Also listed, United States Brent Oil Fund (BNO): Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

The price range for United States Oil Fund (USO), 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. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

A simple score for United States Oil Fund (USO)

46 out of 100

“Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.