US paying most for Hormuz oil shock with world’s largest fuel bill
Published . Updated .
US paying most for Hormuz oil shock with world’s largest fuel bill Centre for Research on Energy and Clean Air
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.7% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FRO Frontline+4.7% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) 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 | -5.13% | -5.78% | base | after close | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | after close | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | after close | after close | after close | after close |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -4.16% | -3.04% | base | +3.29% | 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.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
US paying most for Hormuz oil shock with world’s largest fuel bill Centre for Research on Energy and Clean Air
How United States Brent Oil Fund (BNO) moved across the last 10 energy stories
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +2.55% | +5.29% | +2.25% | 10 |
| United States Oil Fund (USO) | three days later | +1.85% | +4.59% | +1.55% | 10 |
| Select Sector Spdr Tr (XLE) | the next day | +1.78% | +1.88% | +0.91% | 10 |
| Select Sector Spdr Tr (XLE) | three days later | +2.21% | +2.40% | +0.50% | 10 |
- Oil Prices Fall as Traders Weigh IEA Reserve Releases, Hormuz Risks
- Vitol: Hormuz flare-up, low exports keep fuel oil premiums high
- Crude Oil Slips as Hormuz Shipping Risks and US Inventory Draw Support Weekly Gains
- Ship-Fuel Squeeze Persists Despite More Hormuz Crude, Vitol Says
- Footage shows small boats gathered around floating shipping containers after a Singapore-flagged cargo ship sank near the Strait of Hormuz on Wednesday. The vessel was struck by an unknown projectile, according to Singapore’s maritime authority. Read
- Oil Prices Head for Weekly Gain as Hormuz Attacks Rattle Markets
How far United States Brent Oil Fund (BNO) has moved since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| CVX | three days earlier | -2.77% | final price |
| CVX | five days earlier | -3.75% | final price |
| FRO | that day | +3.29% | still updating |
| FRO | three days earlier | -3.04% | final price |
| FRO | five days earlier | -4.16% | final price |
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
| XOM | three days earlier | -2.80% | final price |
| XOM | five days earlier | -2.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 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 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 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 61 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 63 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 66 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, seven days against thirty
Geopolitics Alpha has 119 stories about Strait of Hormuz from the past 7 days and 294 stories from the past 30. That is faster than its usual pace over the past month. “US paying most for Hormuz oil shock with world’s largest fuel bill” is tagged to Strait of Hormuz.
Companies in energy around United States Brent Oil Fund (BNO)
Companies that tend to gain
- USO United States Oil Fund
In “US paying most for Hormuz oil shock with world’s largest fuel bill,” United States Oil Fund (USO) tends to benefit, medium confidence. Reason on file: Tracks U.S. crude prices when Gulf supply is at risk. Linked by “hormuz” in this story
- XLE Select Sector Spdr Tr
For “US paying most for Hormuz oil shock with world’s largest fuel bill,” Select Sector Spdr Tr (XLE) tends to benefit, medium confidence. Reason on file: Energy companies move with a Gulf supply scare. Linked by “hormuz” in this story
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
For “US paying most for Hormuz oil shock with world’s largest fuel bill,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) tends to benefit, medium confidence. Reason on file: A fund of oil and gas producers. Linked by “hormuz” in this story
No up or down call on file
- BNO United States Brent Oil Fund
United States Brent Oil Fund (BNO) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “US paying most for Hormuz oil shock with world’s largest fuel bill.” Reason on file: Tracks Brent when Gulf supply is at risk. Linked by “hormuz” in this story
- BWET Amplify Commodity Trust
For “US paying most for Hormuz oil shock with world’s largest fuel bill,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Tanker freight rates jump when Gulf transit is at risk. Linked by “hormuz” in this story
How energy news reaches United States Brent Oil Fund (BNO)
“US paying most for Hormuz oil shock with world’s largest fuel bill” (26 Oct 2026) reaches United States Brent Oil Fund (BNO) through Strait of Hormuz.
For United States Brent Oil Fund (BNO), the reason on file says Tracks Brent when Gulf supply is at risk. Linked by “hormuz” in this story
Also listed, Amplify Commodity Trust (BWET): Tanker freight rates jump when Gulf transit is at risk. Linked by “hormuz” in this story
What this energy story puts on the calendar
BNO traded between 58.70 and 71.28 across 20 sessions. The latest close on file is 70.98. BWET traded between 788.51 and 1047.07 across 14 sessions. The latest close on file is 900.02. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55.
What the saved facts support for United States Brent Oil Fund (BNO)
40 out of 100Price not final
“US paying most for Hormuz oil shock with world’s largest fuel bill” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.