🟢 Oil Fund (USO) is trading 3.1% up on September 24, 2026 as US-Iran progress fades

USO is trading 3.1% higher as diplomatic progress between the United States and Iran fades, lifting crude oil prices.

• Brent climbed above $105 per barrel, while WTI gained more than 2%.
• Geopolitical concerns about supply disruptions and Strait of Hormuz risks outweighed bearish inventory pressure. Uncertainty around a potential U.S. diesel-export ban also supported refined-product markets.
• The move is sector-wide rather than company-specific.