Geopolitics Alpha

U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call

Published . Updated .

Ties between the U.S. and India have been under strain for over a year, and New Delhi faces fresh risk of up to 100% tariffs for continuing to buy Russian oil.

Directly affected

  • No company is named in this report.

Indirectly affected

  • 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

  • XLE Energy Select Sector SPDR

    Energy prices move when Russian supply is at risk

  • GD General Dynamics

    Defense contractors get more work when conflict spending rises

  • ITA iShares U.S. Aerospace & Defense

    A fund of aerospace and defense companies

  • AAPL Apple

    Sales and supply chains are exposed to a new tariff

  • NKE Nike

    Sales and supply chains are exposed to a new tariff

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT———————
RTX———————
NOC———————
XLE———————
GD———————
ITA———————
AAPL———————
NKE———————
XOM———————
CVX———————

Ties between the U.S. and India have been under strain for over a year, and New Delhi faces fresh risk of up to 100% tariffs for continuing to buy Russian oil.

Source: CNBC Top

The price since 2 Oct 2026: Select Sector Spdr Tr (XLE) versus the S&P 500

Since the first closing price after “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call,” Select Sector Spdr Tr (XLE) is +6.89%. The S&P 500 fund (SPY) is -1.08% over the same days, a +7.97% difference versus the market.

XLE
SPY
XLE

Select Sector Spdr Tr (XLE) filings in this energy story

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).

Who gains and who loses around Select Sector Spdr Tr (XLE)

Companies mentioned with this story

  • XLE Select Sector Spdr Tr

    In “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call,” 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 2 Oct 2026 story “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • USO United States Oil Fund

    For “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call,” 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

    United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 2 Oct 2026 story “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • AEIS Advanced Energy Industries

    For “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    In “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call,” Amplify Energy (AMPY) is linked, with no stored direction, medium confidence. Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ATO Atmos Energy

    For “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call,” Atmos Energy (ATO) is linked, with no stored direction, medium confidence. Reason on file: GA selected ATO as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BE Bloom Energy

    Bloom Energy (BE) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call.” Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How energy news reaches Select Sector Spdr Tr (XLE)

“U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call” (2 Oct 2026) reaches Select Sector Spdr Tr (XLE) through Energy.

For Select Sector Spdr Tr (XLE), the reason on file says Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

A second company, State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP), is listed for a different reason: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Dates and price levels for Select Sector Spdr Tr (XLE)

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. XOP traded between 177.09 and 202.25 across 20 sessions. The latest close on file is 199.52.

The energy score for Select Sector Spdr Tr (XLE)

46 out of 100

“U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.