🟢 Oil Fund (USO) is trading 3.5% up in pre-market on US-Iran strikes near Hormuz

USO is trading at $134.24, up 3.50% from the August 28 close of $129.70 as U.S. strikes on Iranian launchers on Larak Island near the Strait of Hormuz and Iran’s reported missile retaliation raise fears of disruptions to global crude shipments.

• Reuters reported Brent above $90 and WTI up more than 2% early August 31.
• The catalyst is geopolitical, not company-specific; mixed equity futures and no major U.S. release leave oil’s supply-risk premium dominant.