USO is trading 3.4% up today as crude oil prices jump on renewed Middle East tensions and fresh disruption risks around the Strait of Hormuz.
- Heightened U.S.–Iran military action and reports of slowed tanker traffic are pushing Brent and WTI benchmarks higher.
- Trump’s declaration regarding U.S. control over the strait has further fueled the rally in oil-linked ETFs.
- Market participants are closely monitoring the region for potential long-term supply impacts on oil-linked assets.