USO is trading 5.1% up today as crude benchmarks jump on renewed U.S.–Iran hostilities and mounting threats to oil shipments through the Strait of Hormuz.
- Supply disruption fears are intensifying following multiple tanker attacks and Iranian claims of explosions on mined routes.
- U.S. strikes and new sanctions moves are pushing WTI and Brent crude prices sharply higher.
- The geopolitical flare-up is driving significant volume into oil-linked ETFs as markets price in risks to global energy supply chains.