USO is trading at $146.89 (+3.47%) in pre-market as oil prices surge after Iran-aligned Houthi attacks reportedly damaged Saudi energy infrastructure and halted operations at some facilities.
- Saudi authorities reported fires and more than 70 injuries.
- Broader U.S. futures are lower, making the move appear primarily commodity-specific rather than risk-on.
- WTI and Brent are near multi-week highs as markets price heightened U.S.-Iran and Strait of Hormuz risks.