USO is trading at $128.12 with a -3.09% change in pre-market as traders view the latest U.S. sanctions against Iran as less threatening to near-term supplies than military escalation.
- Expectations for diplomatic progress and renewed energy flows through the Strait of Hormuz have reduced the geopolitical risk premium.
- Traders are taking profits after recent gains; WTI futures were reported down more than 3% on August 25, 2026.