Geopolitics Alpha

US widens Iran sanctions to India, Turkey-based networks

Published . Updated .

Key takeaways

  • Treasury unveiled the new sanctions a day after Democrats made huge gains in midterm elections, winning control of both houses of Congress.
  • Exposed: USO, XLE, BWET, ITA, INDA
  • Market reaction: XLE −2.3% on the day; USO +1.9% on the day; BWET −4.8% on the day

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US widens Iran sanctions to India, Turkey-based networks

Treasury unveiled the new sanctions a day after Democrats made huge gains in midterm elections, winning control of both houses of Congress.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-5.0% 30d

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

  • XLE Energy Select Sector SPDR+6.9% 30d

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

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

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

  • ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d

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

  • INDA iShares MSCI India ETF-4.1% 16d

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

  • TUR iShares MSCI Turkey ETF-19.3% 30d

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

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story.

  • CVX Chevron+5.5% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+15.71%+7.84%base+1.93%after closeafter closeafter close
XLE+8.14%+5.85%base-2.34%after closeafter closeafter close
BWET+32.30%+28.62%base-4.78%after closeafter closeafter close
ITA+0.76%+0.87%base-4.00%after closeafter closeafter close
INDA-5.24%-3.20%base+0.08%after closeafter closeafter close
TUR-2.69%-4.44%base-3.17%after closeafter closeafter close
XOM+8.08%+6.08%base-2.44%after closeafter closeafter close
CVX+6.66%+5.01%base-0.72%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.

US widens Iran sanctions to India, Turkey-based networks Middle East Online

Source: Middle East Online

United States Oil Fund (USO) since this story, compared with the market

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day-4.78%final price
Amplify Commodity Trust (BWET)three days earlier+28.62%final price
Amplify Commodity Trust (BWET)five days earlier+32.30%final price
Chevron (CVX)that day-0.72%final price
Chevron (CVX)three days earlier+5.01%final price
Chevron (CVX)five days earlier+6.66%final price
Ishares Tr (INDA)that day+0.08%final price
Ishares Tr (INDA)three days earlier-3.20%final price
Ishares Tr (INDA)five days earlier-5.24%final price
IShares U.S. Aerospace & Defense ETF (ITA)that day-4.00%final price
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier+0.87%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier+0.76%final price
Ishares (TUR)that day-3.17%final price
Ishares (TUR)three days earlier-4.44%final price
Ishares (TUR)five days earlier-2.69%final price
United States Oil Fund (USO)that day+1.93%final price
United States Oil Fund (USO)three days earlier+7.84%final price
United States Oil Fund (USO)five days earlier+15.71%final price
Select Sector Spdr Tr (XLE)that day-2.34%final price
Select Sector Spdr Tr (XLE)three days earlier+5.85%final price
Select Sector Spdr Tr (XLE)five days earlier+8.14%final price
ExxonMobil Holdings (XOM)that day-2.44%final price
ExxonMobil Holdings (XOM)three days earlier+6.08%final price
ExxonMobil Holdings (XOM)five days earlier+8.08%final price

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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 is named in “US widens Iran sanctions to India, Turkey-based networks”

Companies mentioned with this story

  • USO United States Oil Fund

    In “US widens Iran sanctions to India, Turkey-based networks,” 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 widens Iran sanctions to India, Turkey-based networks,” 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

    Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “US widens Iran sanctions to India, Turkey-based networks.” 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

    IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “US widens Iran sanctions to India, Turkey-based networks.” 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

    In “US widens Iran sanctions to India, Turkey-based networks,” 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 (“india”)

  • TUR Ishares

    In “US widens Iran sanctions to India, Turkey-based networks,” Ishares (TUR) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkey”)

  • XOM ExxonMobil Holdings

    For “US widens Iran sanctions to India, Turkey-based networks,” 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

    Chevron (CVX) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “US widens Iran sanctions to India, Turkey-based networks.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story

How “US widens Iran sanctions to India, Turkey-based networks” reaches United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “US widens Iran sanctions to India, Turkey-based networks,” the 5 Nov 2026 this story story.

What ties United States Oil Fund (USO) to the headline is this: 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 143.02 and 171.80 across 20 sessions. The latest close on file is 145.42. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

How solid “US widens Iran sanctions to India, Turkey-based networks” looks

46 out of 100

“US widens Iran sanctions to India, Turkey-based networks” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.