USO is trading at $153.00, down 3.40% on September 11, 2026, as profit-taking unwinds geopolitical risk premium after oil’s more than 10% weekly surge and reports Middle Eastern foreign ministers pursue a temporary arrangement with Iran for Strait of Hormuz shipping.
- Closed at $158.38 September 10; Brent and WTI fell roughly 1.3%-1.5% early.
- Reuters reported Hormuz transits well below their recent average; Houthi activity threatened Red Sea traffic.
- Supply-disruption risks remain elevated, limiting downside.