Geopolitics Alpha

US services sector slows, hobbled by tariffs, higher fuel costs

Published . Updated .

Growth in the services sector has helped sustain economic growth despite tariffs, the war with Iran and rising borrowing costs.

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

  • XOM Exxon Mobil

    Oil producers move when sanctioned barrels leave the market

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRO———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
LMT———————
RTX———————
XOM———————
DAL———————

Growth in the services sector has helped sustain economic growth despite tariffs, the war with Iran and rising borrowing costs.

Source: CFO Dive

Ishares U.S. Oil Equipment & Services Etf (IEZ) since this story, compared with the market

Since the first closing price after “US services sector slows, hobbled by tariffs, higher fuel costs,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is -2.32%. The S&P 500 fund (SPY) is -1.60% over the same days, a -0.71% difference versus the market.

IEZ
SPY

Who gains and who loses around Ishares U.S. Oil Equipment & Services Etf (IEZ)

Companies carried with this story

  • IEZ Ishares U.S. Oil Equipment & Services Etf

    For “US services sector slows, hobbled by tariffs, higher fuel costs,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected IEZ as a RELATED security because its canonical security name directly matches this event's themes: services. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • DMX Doubleline Multi-Sector Income Etf

    For “US services sector slows, hobbled by tariffs, higher fuel costs,” Doubleline Multi-Sector Income Etf (DMX) is linked, with no stored direction, medium confidence. Reason on file: GA selected DMX as a RELATED security because its canonical security name directly matches this event's themes: sector. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • XLII State Street Industrial Select Sector Spdr Premium Income Etf

    State Street Industrial Select Sector Spdr Premium Income Etf (XLII) is linked, with no stored direction, medium confidence in the 5 Oct 2026 story “US services sector slows, hobbled by tariffs, higher fuel costs.” Reason on file: GA selected XLII as a RELATED security because its canonical security name directly matches this event's themes: sector. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • XLVI State Street Health Care Select Sector Spdr Premium Income Etf

    In “US services sector slows, hobbled by tariffs, higher fuel costs,” State Street Health Care Select Sector Spdr Premium Income Etf (XLVI) is linked, with no stored direction, medium confidence. Reason on file: GA selected XLVI as a RELATED security because its canonical security name directly matches this event's themes: sector. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Ishares U.S. Oil Equipment & Services Etf (IEZ)

On 5 Oct 2026, “US services sector slows, hobbled by tariffs, higher fuel costs” is the story that connects Ishares U.S. Oil Equipment & Services Etf (IEZ) to this story.

What ties Ishares U.S. Oil Equipment & Services Etf (IEZ) to the headline is this: GA selected IEZ as a RELATED security because its canonical security name directly matches this event's themes: services. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, Doubleline Multi-Sector Income Etf (DMX), is listed for a different reason: GA selected DMX as a RELATED security because its canonical security name directly matches this event's themes: sector. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates and price levels for Ishares U.S. Oil Equipment & Services Etf (IEZ)

DMX traded between 48.73 and 49.60 across 14 sessions. The latest close on file is 48.92. IEZ traded between 25.75 and 28.18 across 20 sessions. The latest close on file is 26.76. XLII traded between 23.70 and 24.49 across 19 sessions. The latest close on file is 23.92.

What the saved facts support for Ishares U.S. Oil Equipment & Services Etf (IEZ)

33 out of 100

“US services sector slows, hobbled by tariffs, higher fuel costs” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.