🟢 Oil Fund (USO) is trading 3.87% up today as Strait of Hormuz uncertainty lifts supply risks

USO is trading 3.87% higher as conflicting U.S.-Iran signals reduce confidence that the Strait of Hormuz will reopen soon.

• Iran reportedly requires sanctions relief, compensation, and other concessions before reopening.
• The U.S. rejects Iranian control, tolls, or restrictions on navigation.
• Brent rose 1.09% to $84.46, while WTI advanced 0.84% to $78.84, reinforcing a geopolitical supply-risk premium in crude markets.