🟢 Oil Fund (USO) is trading 3.2% up today on U.S.-Iran strikes and tanker attacks

USO is trading 3.2% higher as U.S.-Iran strikes and tanker attacks heighten risks to global oil supplies.

• WTI briefly surpassed $100, while Brent traded above $104.
• The hotter August PPI and ECB rate hike reinforce inflation concerns.
• The geopolitical risk premium remains the primary catalyst.