USO is trading at $147.79, up +3.10%, after Donald Trump denied reports that the U.S. would ease sanctions on Iran, reviving concern that Iranian supply could remain constrained.
- Stalled U.S.–Iran talks and lingering Strait of Hormuz uncertainty helped offset relief from recovering Middle East crude exports.
- USO’s gain reflects the broader crude move; supplied sector context puts crude futures 2.13% higher in regular trading.