Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock
Published . Updated .
The U.S.-Iran war has caused oil prices to surge and added to freight stress from tariffs, but no shipping trade has boomed quite like crude oil tanker futures.
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
- AAPL Apple
Sales and supply chains are exposed to a new tariff
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
The U.S.-Iran war has caused oil prices to surge and added to freight stress from tariffs, but no shipping trade has boomed quite like crude oil tanker futures.
Source: CNBC Top
The price since 13 Sep 2026: United States Brent Oil Fund (BNO) versus the S&P 500
Since the first closing price after “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” United States Brent Oil Fund (BNO) is +7.96%. The S&P 500 fund (SPY) is +0.77% over the same days, a +7.20% difference versus the market. industrial stocks (XLI) is -1.91%, a +9.87% difference versus that group of stocks.
Who collects and who pays in defense
Companies tied to this story
- BNO United States Brent Oil Fund
For “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- UGA United States Gasoline Fund
For “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- GSG iShares S&P GSCI Commodity-Indexed Trust
In “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- VDE Vanguard World Fd
For “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” Vanguard World Fd (VDE) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- FENY
FENY is linked, with no stored direction, high confidence in the 13 Sep 2026 story “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
For “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- IEZ Ishares U.S. Oil Equipment & Services Etf
In “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- DBA Invesco Db Agriculture Fund
For “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock,” Invesco Db Agriculture Fund (DBA) 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 defense news reaches United States Brent Oil Fund (BNO)
The 13 Sep 2026 story “Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock” names United States Brent Oil Fund (BNO) because of Defense.
The link for United States Brent Oil Fund (BNO) is this: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
A second company, United States Gasoline Fund (UGA), is listed for a different reason: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
Dates in the story, and the United States Brent Oil Fund (BNO) price range
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.
What the saved facts support for United States Brent Oil Fund (BNO)
46 out of 100
“Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock” scores 46 out of 100. The score uses 1 sources, and 27 linked companies.