USO is trading $130.50, up 3.08% versus the previous close, tracking another crude advance as U.S.-Iran ceasefire extension hopes faded and energy shipment risks through the Strait of Hormuz increased.
- Oil futures rose as Iran adopted a more offensive stance; tanker traffic through Hormuz remained severely disrupted.
- Reuters reported Brent at $91.14 and WTI at $85.04 early on August 18.
- U.S. equity futures were lower, with the move primarily geopolitical and supply-driven rather than broad-market strength.