Geopolitics Alpha

US slaps sanctions on Indian, Turkish firms and people for aiding Iran

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, BWET, ITA, INDA
  • Market reaction: USO −8.5% on the day (still updating); XLE −5.9% on the day (still updating); BWET −15.7% on the day (still updating)

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GEOPOLITICS ALPHAUS slaps sanctions on Indian,Turkish firms and people foraiding IranGEOPOLITICS ALPHA

This report is about oil and tanker shipping.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.

  • XLE Energy Select Sector SPDR

    Energy Select Sector SPDR: its price follows crude oil. Linked by “iran” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story.

  • ITA iShares U.S. Aerospace & Defense ETF

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story.

  • INDA iShares MSCI India ETF

    iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”).

  • TUR iShares MSCI Turkey ETF

    iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkish”).

  • FRO Frontline

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “iran” (tanker shipping) in this story.

  • DHT DHT Holdings

    DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “iran” (tanker shipping) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+5.38%+6.75%base-8.53%after closeafter closeafter close
XLE+2.64%+4.95%base-5.91%after closeafter closeafter close
BWET+7.18%+11.56%base-15.67%after closeafter closeafter close
ITA-4.02%-3.08%base-1.30%after closeafter closeafter close
INDA-3.89%-1.98%base+2.78%after closeafter closeafter close
TUR+2.02%-2.22%base+4.41%after closeafter closeafter close
FRO+5.87%+8.47%base-7.89%after closeafter closeafter close
DHT+2.17%+4.51%base-6.93%after closeafter closeafter 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.

How far United States Oil Fund (USO) has moved since 4 Nov 2026

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day-15.67%still updating
Amplify Commodity Trust (BWET)three days earlier+11.56%final price
Amplify Commodity Trust (BWET)five days earlier+7.18%final price
DHTthat day-6.93%still updating
DHTthree days earlier+4.51%final price
DHTfive days earlier+2.17%final price
FROthat day-7.89%still updating
FROthree days earlier+8.47%final price
FROfive days earlier+5.87%final price
Ishares Tr (INDA)that day+2.78%still updating
Ishares Tr (INDA)three days earlier-1.98%final price
Ishares Tr (INDA)five days earlier-3.89%final price
IShares U.S. Aerospace & Defense ETF (ITA)that day-1.30%still updating
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier-3.08%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier-4.02%final price
Ishares (TUR)that day+4.41%still updating
Ishares (TUR)three days earlier-2.22%final price
Ishares (TUR)five days earlier+2.02%final price
United States Oil Fund (USO)that day-8.53%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-5.91%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

Congressional trades in the stocks in this 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 United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    For “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” 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 “iran” (oil) in this story

  • BWET Amplify Commodity Trust

    In “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story

  • ITA IShares U.S. Aerospace & Defense ETF

    In “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story

  • INDA Ishares Tr

    For “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” Ishares Tr (INDA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”)

  • TUR Ishares

    Ishares (TUR) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US slaps sanctions on Indian, Turkish firms and people for aiding Iran.” Reason on file: iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkish”)

  • XOM ExxonMobil Holdings

    For “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” 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 “iran” (oil) in this story

  • CVX Chevron

    For “US slaps sanctions on Indian, Turkish firms and people for aiding Iran,” 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 “iran” (oil) in this story

United States Oil Fund (USO)

The 4 Nov 2026 story “US slaps sanctions on Indian, Turkish firms and people for aiding Iran” names United States Oil Fund (USO) because of this story.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “iran” (oil) in this story

Dates and price levels for United States Oil Fund (USO)

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. 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.

What the saved facts support for United States Oil Fund (USO)

100 out of 100Price not final

“US slaps sanctions on Indian, Turkish firms and people for aiding Iran” scores 100 out of 100. The score uses 8 linked companies. The price is not final yet.