USO is trading at $169.54, up +4.33%, amid a geopolitical risk premium tied to concerns about disrupted oil flows. - Recent US-Iran vessel attacks and reduced Strait of Hormuz traffic heightened supply concerns; Brent gained 7.8% last week, according to reporting on October 26. - Overnight, Trump’s statement ruling out an immediate strike against Iran weighed on crude, while ongoing regional tensions continued to support supply-risk concerns. - Supplied USO price context shows the move; external crude quotes do not confirm that ETF price.