USO is trading at $143.08, down -3.43%, as Iran signals it could reopen the Strait of Hormuz within seven days if U.S. pressure eases. - Prospects for U.S.-Iran diplomacy at the UN are reducing the geopolitical risk premium. - Saudi Arabia’s pipeline restart and higher Hormuz shipments are improving the near-term supply outlook. - Crude oil fell 6.43% during regular trading.