🟢 USO is trading 10.4% up today on escalating U.S.–Iran conflict and Strait of Hormuz closure

USO is trading 10.4% higher in pre-market sessions as crude benchmarks jump on intensifying geopolitical tensions and supply disruption fears.

• Reports of fresh U.S. and Iranian military strikes have significantly increased the geopolitical risk premium for oil futures.
• Iran’s claimed closure of the Strait of Hormuz, a vital global oil chokepoint, has sparked widespread concerns over major supply chain interruptions.
• The surge in USO reflects broader gains across the crude complex as markets react to the potential for a wider regional conflict.