Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September
Published . Updated .
Key takeaways
- No Iran-affiliated tanker still transmitting AIS in the Middle East Gulf has shown a draft change indicative of loading since September 17.
- Exposed: BWET, USO, TNK, FRO, DHT
- Market reaction: BWET −15.7% on the day (still updating); USO −8.5% on the day (still updating); FRO −7.9% on the day (still updating)
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No Iran-affiliated tanker still transmitting AIS in the Middle East Gulf has shown a draft change indicative of loading since September 17.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- FRO Frontline+10.3% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (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 “tanker” (tanker shipping) in this story.
- INSW International Seaways-4.8% 13d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | +7.18% | +11.56% | base | -15.67% | after close | after close | after close |
| USO | +5.38% | +6.75% | base | -8.53% | after close | after close | after close |
| TNK | +3.93% | +5.50% | base | -7.26% | after close | after close | after close |
| FRO | +5.87% | +8.47% | base | -7.89% | after close | after close | after close |
| DHT | +2.17% | +4.51% | base | -6.93% | after close | after close | after close |
| INSW | +6.60% | +6.75% | base | -5.72% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -5.59% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -4.68% | 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.
Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September MarineLink
Source: MarineLink
Price since this story was published: Amplify Commodity Trust (BWET)
| Company | When | Move | Status |
|---|---|---|---|
| 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 |
| Chevron (CVX) | that day | -4.68% | still updating |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| DHT Holdings (DHT) | that day | -6.93% | still updating |
| DHT Holdings (DHT) | three days earlier | +4.51% | final price |
| DHT Holdings (DHT) | five days earlier | +2.17% | final price |
| Frontline (FRO) | that day | -7.89% | still updating |
| Frontline (FRO) | three days earlier | +8.47% | final price |
| Frontline (FRO) | five days earlier | +5.87% | final price |
| International Seaways (INSW) | that day | -5.72% | still updating |
| International Seaways (INSW) | three days earlier | +6.75% | final price |
| International Seaways (INSW) | five days earlier | +6.60% | final price |
| Teekay Tankers (TNK) | that day | -7.26% | still updating |
| Teekay Tankers (TNK) | three days earlier | +5.50% | final price |
| Teekay Tankers (TNK) | five days earlier | +3.93% | 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 |
| ExxonMobil Holdings (XOM) | that day | -5.59% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 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 63 days before publication. Filed 7 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).
Where this story sits: Middle East
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September” is tagged to Middle East.
Who gains and who loses around Amplify Commodity Trust (BWET)
Companies that tend to gain
- TNK Teekay Tankers
For “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September,” Teekay Tankers (TNK) tends to benefit, medium confidence. Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- FRO Frontline
Frontline (FRO) tends to benefit, medium confidence in the 4 Nov 2026 story “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September.” Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- DHT DHT Holdings
DHT Holdings (DHT) tends to benefit, medium confidence in the 4 Nov 2026 story “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September.” Reason on file: DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- INSW International Seaways
International Seaways (INSW) tends to benefit, medium confidence in the 4 Nov 2026 story “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September.” Reason on file: International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
No up or down call on file
- BWET Amplify Commodity Trust
In “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September,” 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 “tanker” (tanker shipping) in this story
- USO United States Oil Fund
For “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September,” 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 “crude” (oil) in this story
- XOM ExxonMobil Holdings
In “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September,” 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 “crude” (oil) in this story
- CVX Chevron
In “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September,” 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 “crude” (oil) in this story
How a Middle East shock reaches Amplify Commodity Trust (BWET)
Amplify Commodity Trust (BWET) is the company in “Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September,” the 4 Nov 2026 Middle East story.
Amplify Commodity Trust (BWET) is on the page because Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
A second company, United States Oil Fund (USO), is listed for a different reason: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story
Price levels for Amplify Commodity Trust (BWET)
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.
How solid the energy case looks
46 out of 100Price not final
“Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.