🟢 Oil Fund (USO) is trading 3.16% up in pre-market as Hormuz shipping remains constrained

USO is trading 3.16% higher in pre-market as crude futures extend gains amid worsening U.S.-Iran tensions and constrained Strait of Hormuz shipping.

• The 60-day truce expired without an extension; Iran says the waterway remains closed and shipping traffic is constrained.
• Brent reached $93.08 and WTI $87.23 overnight, reinforcing fears of prolonged Middle East supply disruption.
• Broader markets are relatively steady, indicating a primarily oil-specific geopolitical move rather than a general risk-on rally.