UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report
Published . Updated .
Key takeaways
- - ADNOC calls report ‘purely speculative’ as it builds 2nd pipeline to double export capacity through Fujairah, according to Bloomberg | Anadolu
- Exposed: USO, XLE, AMLP, BWET, UAE
- Market reaction: XLE −3.7% on the day (still updating); USO −2.5% on the day (still updating); BWET −12.0% on the day (still updating)
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- ADNOC calls report ‘purely speculative’ as it builds 2nd pipeline to double export capacity through Fujairah, according to Bloomberg | Anadolu
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- AMLP Alerian MLP ETF-1.7% 30d
Alerian MLP ETF: it holds pipeline operators. Linked by “pipeline” (pipelines) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- UAE iShares MSCI UAE ETF
iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.6% 30d
ConocoPhillips (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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.38% | +6.75% | base | -2.52% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -3.73% | after close | after close | after close |
| AMLPNo price data for this ticker | — | — | — | — | — | — | — |
| BWET | +7.18% | +11.56% | base | -12.01% | after close | after close | after close |
| UAE | +1.46% | -1.35% | base | +4.01% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -2.82% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -2.69% | after close | after close | after close |
| COP | +3.21% | +6.66% | base | -3.27% | 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.
UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report Anadolu Ajansı
Source: Anadolu Ajansı
17 earlier Strait of Hormuz stories for United States Oil Fund (USO)
Those 17 earlier stories put United States Oil Fund (USO) at an average move of +1.30% the next day. Largest gain +3.26%, largest drop +0.26%, from 17 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +1.30% | +3.26% | +0.26% | 17 |
| United States Oil Fund (USO) | three days later | -0.67% | +6.12% | -4.19% | 16 |
| Select Sector Spdr Tr (XLE) | the next day | -0.18% | +3.24% | -1.69% | 17 |
| Select Sector Spdr Tr (XLE) | three days later | -0.22% | +2.27% | -1.42% | 16 |
| Amplify Commodity Trust (BWET) | the next day | +2.44% | +4.46% | +0.48% | 14 |
| Amplify Commodity Trust (BWET) | three days later | +2.48% | +4.59% | -6.70% | 14 |
- Iran Says Oil Tanker Hit Naval Mines in Strait of Hormuz
- Precious metals weaken as Hormuz uncertainty keeps oil elevated ahead of Fed decision - Kitco AM Report
- Iran threatens 'legal action' against South Korean shipping company in Strait of Hormuz
- Oil Tanker Catches Fire After Hitting Naval Mine Near Strait of Hormuz
- Iran army says oil tanker on fire after hitting mines in Hormuz
- Iraq revives shipping line after 50 years as Hormuz crisis bites
United States Oil Fund (USO) compared with energy stocks (XLE) since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -12.01% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Conocophillips (COP) | that day | -3.27% | still updating |
| Conocophillips (COP) | three days earlier | +6.66% | final price |
| Conocophillips (COP) | five days earlier | +3.21% | final price |
| Chevron (CVX) | that day | -2.69% | still updating |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| Ishares Tr (UAE) | that day | +4.01% | still updating |
| Ishares Tr (UAE) | three days earlier | -1.35% | final price |
| Ishares Tr (UAE) | five days earlier | +1.46% | final price |
| United States Oil Fund (USO) | that day | -2.52% | still updating |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Select Sector Spdr Tr (XLE) | that day | -3.73% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | -2.82% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 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 63 days before publication. Filed 7 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 70 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 72 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 75 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).
Strait of Hormuz on the map for this story
Geopolitics Alpha has 194 stories about Strait of Hormuz from the past 7 days and 509 stories from the past 30. That is faster than its usual pace over the past month. “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report” is tagged to Strait of Hormuz.
Who gains and who pays if Strait of Hormuz stays in the story
Companies carried with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- AMLP Alps Etf Tr
For “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report,” Alps Etf Tr (AMLP) is linked, with no stored direction, medium confidence. Reason on file: Alerian MLP ETF: it holds pipeline operators. Linked by “pipeline” (pipelines) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- UAE Ishares Tr
Ishares Tr (UAE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report.” Reason on file: iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”)
- XOM ExxonMobil Holdings
In “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
United States Oil Fund (USO) and the energy link
The 4 Nov 2026 story “UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report” names United States Oil Fund (USO) because of Strait of Hormuz.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
What this energy story puts on the calendar
AMLP traded between 51.55 and 54.20 across 20 sessions. The latest close on file is 52.75. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Oil Fund (USO)
46 out of 100Price not final
“UAE mulls 3rd oil pipeline to bypass Strait of Hormuz: Report” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.