Why Aramco Is Expanding Its Hormuz-Bypass Pipeline
Published . Updated .
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This report is about oil and tanker shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “aramco” (oil) in this story.
- XLE Energy Select Sector SPDR+8.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “aramco” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “aramco” (tanker shipping) in this story.
- KSA iShares MSCI Saudi Arabia ETF-8.2% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“aramco”).
- FRO Frontline+8.7% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “aramco” (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 “aramco” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+6.2% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story.
- INSW International Seaways-3.9% 12d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “aramco” (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 | +4.37% | +7.30% | base | -0.01% | after close | after close | after close |
| XLE | +1.44% | +2.16% | base | -0.36% | after close | after close | after close |
| BWET | -1.54% | +2.86% | base | -8.08% | after close | after close | after close |
| KSA | +1.02% | +0.47% | base | +0.38% | after close | after close | after close |
| FRO | +3.34% | +8.65% | base | -1.24% | after close | after close | after close |
| DHT | +1.11% | +5.11% | base | -1.47% | after close | after close | after close |
| XOM | +0.06% | +1.89% | base | -1.00% | after close | after close | after close |
| INSW | +5.42% | +7.55% | base | -0.38% | 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.
Why Aramco Is Expanding Its Hormuz-Bypass Pipeline Modern Diplomacy
Source: Modern Diplomacy
How United States Oil Fund (USO) moved after the last 20 energy shocks
United States Oil Fund (USO) the next day, across 20 earlier stories: average -0.98%, largest gain +3.26%, largest drop -3.69%, from 20 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -0.98% | +3.26% | -3.69% | 20 |
| United States Oil Fund (USO) | three days later | +0.04% | +6.12% | -4.19% | 20 |
| Select Sector Spdr Tr (XLE) | the next day | -1.13% | +3.24% | -1.69% | 20 |
| Select Sector Spdr Tr (XLE) | three days later | -0.14% | +2.27% | -1.42% | 20 |
| Amplify Commodity Trust (BWET) | the next day | +0.80% | +4.46% | +0.12% | 16 |
| Amplify Commodity Trust (BWET) | three days later | +4.21% | +4.59% | +1.56% | 16 |
- US paying most for Hormuz oil shock with world’s largest fuel bill
- U.S. Army Says It Has Helped 1.5 Billion Barrels of Oil Out of Hormuz
- QatarEnergy in talks to buy up to 3 MMtpy from Woodside's Louisiana LNG as Hormuz disruptions persist
- Container ship sinks near the Strait of Hormuz as shipping attacks increase
- The Week in Charts: Crude tankers in correction mode after Hormuz-driven ‘super spike’ | Africa’s LNG ambitions grow as Hormuz disruption exposes supply risk
- US says helped Gulf nations export 1.5 billion barrels of oil through Hormuz
United States Oil Fund (USO) compared with energy stocks (XLE) since 3 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -8.08% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| DHT | that day | -1.47% | still updating |
| DHT | three days earlier | +5.11% | final price |
| DHT | five days earlier | +1.11% | final price |
| FRO | that day | -1.24% | still updating |
| FRO | three days earlier | +8.65% | final price |
| FRO | five days earlier | +3.34% | final price |
| INSW | that day | -0.38% | still updating |
| INSW | three days earlier | +7.55% | final price |
| INSW | five days earlier | +5.42% | final price |
| Ishares Msci Saudi Arabia Etf (KSA) | that day | +0.38% | still updating |
| Ishares Msci Saudi Arabia Etf (KSA) | three days earlier | +0.47% | final price |
| Ishares Msci Saudi Arabia Etf (KSA) | five days earlier | +1.02% | final price |
| United States Oil Fund (USO) | that day | -0.01% | still updating |
| United States Oil Fund (USO) | three days earlier | +7.30% | final price |
| United States Oil Fund (USO) | five days earlier | +4.37% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.36% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +2.16% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +1.44% | final price |
| ExxonMobil Holdings (XOM) | that day | -1.00% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +1.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.06% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 20 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 64 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 20 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 41 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 62 days before publication. Filed 7 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 69 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 71 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 74 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).
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 190 stories about Strait of Hormuz from the past 7 days and 497 stories from the past 30. That is faster than its usual pace over the past month. “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline” is tagged to Strait of Hormuz.
Companies in energy around United States Oil Fund (USO)
Companies mentioned with this story
- USO United States Oil Fund
In “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” 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 “aramco” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “aramco” (oil) in this story
- BWET Amplify Commodity Trust
In “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” 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 “aramco” (tanker shipping) in this story
- KSA Ishares Msci Saudi Arabia Etf
In “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” Ishares Msci Saudi Arabia Etf (KSA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“aramco”)
- XOM ExxonMobil Holdings
In “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” 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 “aramco” (oil) in this story
- CVX Chevron
In “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” 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 “aramco” (oil) in this story
- COP Conocophillips
For “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
- SHEL Shell
For “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “Why Aramco Is Expanding Its Hormuz-Bypass Pipeline,” the 3 Nov 2026 Strait of Hormuz story.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “aramco” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “aramco” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.
What the saved facts support for United States Oil Fund (USO)
46 out of 100Price not final
“Why Aramco Is Expanding Its Hormuz-Bypass Pipeline” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.