USO is trading at $143.50, down 4.34%, as recovering Middle East exports and renewed Strait of Hormuz flows eased supply fears. - The decline followed Tuesday’s crude selloff; Saudi Arabia also resumed tanker loadings from Yanbu. - Overnight crude rebounded, with Reuters reporting Brent at $103.73 and WTI at $89.72, after Trump denied plans to ease Iran sanctions. - U.S. inventory data was still upcoming, so the clearest pressure reflected supply recovery and shifting Iran-related expectations.