USO is trading 4.9% higher in pre-market action as crude prices rebound following fresh geopolitical escalations involving Iranian energy infrastructure and shipping routes.
- Traders are pricing in significant supply-disruption risks over the weekend, reversing a portion of the recent pullback in Brent and WTI quotes.
- The surge follows a brief period of easing US-Iran tensions, with market focus now shifting back to potential threats against global energy logistics.
- Geopolitical uncertainty remains the primary driver as investors hedge against potential impacts on Middle Eastern oil production and transit.