Geopolitics Alpha

Two More Oil Tankers Catch Fire in Eastern Strait of Hormuz

Published . Updated .

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Two More Oil Tankers Catch Fire in Eastern Strait of Hormuz

The Iranian Navy announced that two more oil tankers caught fire at noon today after striking naval mines in the unsafe area east of the...

Directly affected

  • No company is named in this report.

Indirectly affected

  • BWET Breakwave Tanker Shipping ETF

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • ITA iShares U.S. Aerospace & Defense ETF

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “navy” (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

    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

    International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BWET+32.30%+28.62%base-4.78%-4.78%-17.72%-26.29%
USO+15.71%+7.84%base+1.93%+2.60%-1.88%-2.71%
ITA+0.76%+0.87%base-4.00%-2.69%+1.03%+2.09%
TNK+14.26%+7.57%base-6.61%-3.24%-3.95%-3.59%
FRO+16.66%+7.37%base-6.75%-5.98%-8.68%-9.52%
DHT+13.74%+8.20%base-5.69%-5.73%-6.75%-5.67%
INSW+14.12%+6.11%base-3.90%-1.59%-3.89%-1.25%
XOM+8.08%+6.08%base-2.44%-1.94%-2.77%-2.97%

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.

Two More Oil Tankers Catch Fire in Eastern Strait of Hormuz WANA News Agency

Source: WANA News Agency

Strait of Hormuz

CompanyWhenMoveStatus
BWETthat day-4.78%final price
BWETthe next day-4.78%final price
BWETtwo days later-17.72%final price
BWETthree days later-26.29%final price
BWETthree days earlier+28.62%final price
BWETfive days earlier+32.30%final price
DHTthat day-5.69%final price
DHTthe next day-5.73%final price
DHTtwo days later-6.75%final price
DHTthree days later-5.67%final price
DHTthree days earlier+8.20%final price
DHTfive days earlier+13.74%final price
FROthat day-6.75%final price
FROthe next day-5.98%final price
FROtwo days later-8.68%final price
FROthree days later-9.52%final price
FROthree days earlier+7.37%final price
FROfive days earlier+16.66%final price
INSWthat day-3.90%final price
INSWthe next day-1.59%final price
INSWtwo days later-3.89%final price
INSWthree days later-1.25%final price
INSWthree days earlier+6.11%final price
INSWfive days earlier+14.12%final price
ITAthat day-4.00%final price
ITAthe next day-2.69%final price
ITAtwo days later+1.03%final price
ITAthree days later+2.09%final price
ITAthree days earlier+0.87%final price
ITAfive days earlier+0.76%final price
TNKthat day-6.61%final price
TNKthe next day-3.24%final price
TNKtwo days later-3.95%final price
TNKthree days later-3.59%final price
TNKthree days earlier+7.57%final price
TNKfive days earlier+14.26%final price
USOthat day+1.93%final price
USOthe next day+2.60%final price
USOtwo days later-1.88%final price
USOthree days later-2.71%final price
USOthree days earlier+7.84%final price
USOfive days earlier+15.71%final price
XOMthat day-2.44%final price
XOMthe next day-1.94%final price
XOMtwo days later-2.77%final price
XOMthree days later-2.97%final price
XOMthree days earlier+6.08%final price
XOMfive days earlier+8.08%final price

Strait of Hormuz

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).

The Strait of Hormuz count beside this story

Strait of Hormuz

Geopolitics Alpha has 212 stories about Strait of Hormuz from the past 7 days and 712 stories from the past 30. That is about its usual pace over the past month. “Two More Oil Tankers Catch Fire in Eastern Strait of Hormuz” is tagged to Strait of Hormuz.

How solid “Two More Oil Tankers Catch Fire in Eastern Strait of Hormuz” looks

12 out of 100

“Two More Oil Tankers Catch Fire in Eastern Strait of Hormuz” scores 12 out of 100. The score uses 1 sources.