🟢 Oil Fund (USO) is trading 5.57% up in pre-market as US-Iran attacks raise Hormuz disruption fears

USO is trading at $141.15 (+5.57%) in the September 2, 2026 pre-market session, tracking another sharp rise in crude prices as renewed US-Iran attacks raise fears of prolonged disruptions through the Strait of Hormuz.

• Brent climbed above $95, while WTI traded near $91.
• The move is primarily geopolitical rather than company-specific, with oil gains worsening inflation and risk-off concerns, supporting energy prices while pressuring broader equities and bonds.