Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery
Published . Updated .
This report is about oil and refining.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+2.7% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+5.6% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.
- BWET Breakwave Tanker Shipping ETF+70.4% 19d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “yemen” (tanker shipping) in this story.
- KSA iShares MSCI Saudi Arabia ETF-9.1% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- XOM ExxonMobil Holdings+11.8% 12d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- VLO Valero Energy+11.5% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
- CVX Chevron+6.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (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 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -2.42% | -2.96% | base | after close | after close | after close | after close |
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -3.61% | -3.44% | base | after close | after close | after close | after close |
| VLONo price data for this ticker | — | — | — | — | — | — | — |
| CVX | -2.74% | -2.34% | base | after close | 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.
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Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery Reuters
Source: Reuters
What happened to United States Oil Fund (USO) the last 17 times Red Sea was in the news
Across 17 earlier stories, United States Oil Fund (USO) the next day averaged -0.67%. The largest gain was -0.66% and the largest drop was -0.68%, from 8 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -0.67% | -0.66% | -0.68% | 8 |
| United States Oil Fund (USO) | three days later | +1.69% | +5.37% | +0.46% | 8 |
| Select Sector Spdr Tr (XLE) | the next day | -0.18% | +0.52% | -0.41% | 16 |
| Select Sector Spdr Tr (XLE) | three days later | -0.16% | +2.23% | -0.96% | 16 |
- Analyst urges Asian countries to consider imposing sanctions on the Houthis
- Egypt pledges 'all necessary support' to Saudi Arabia amid Houthi militia attacks
- Saudi Arabia intercepts Houthi missiles as two pilots die in helicopter crash
- Tanker explosion reported in Strait of Hormuz as Saudi-Houthi clashes continue
- Tanker explodes in Strait of Hormuz as Saudi-Houthi clashes continue
- Houthi strikes on Saudi Arabia show the Yemeni rebels' growing strength
The price since 27 Oct 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | -2.34% | final price |
| Chevron (CVX) | five days earlier | -2.74% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.96% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.42% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -3.44% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -3.61% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 57 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 88 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 34 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 55 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 62 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).
Red Sea on the map for this story
Geopolitics Alpha has 78 stories about Red Sea from the past 7 days and 173 stories from the past 30. That is faster than its usual pace over the past month. “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery” is tagged to Red Sea.
Who collects and who pays in energy
Companies mentioned with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” 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 “oil” (oil) in this story
- CRAK Vaneck Etf Trust
For “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story
- BWET Amplify Commodity Trust
For “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” 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 “yemen” (tanker shipping) in this story
- KSA Ishares Msci Saudi Arabia Etf
For “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” 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 (“saudi”)
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- VLO Valero Energy
In “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story
- CVX Chevron
In “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” 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 “oil” (oil) in this story
From Red Sea to United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery,” the 27 Oct 2026 Red Sea story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (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 “oil” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.26. XLE traded between 60.95 and 69.86 across 20 sessions. The latest close on file is 69.64.
How solid the energy case looks
46 out of 100
“Yemen's Houthis say they launched an attack on Saudi Ras Tanura oil refinery” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.