USO is trading at $150.60 (+3.13%) as Brent surpassed $100 on September 9 amid escalating U.S.-Iran attacks and renewed concerns about shipping and supply disruptions in the Middle East.
- Reuters reported the escalation deepened fears of regional supply losses and higher energy costs.
- WTI futures are also rising in pre-market trading, while inflation concerns and potential Strait of Hormuz disruptions reinforce bullish oil sentiment.
- Broader equity-market weakness adds to geopolitical risk aversion.