🔴 USO ETF (USO) is trading 4% down today as U.S. pauses Iran strike, easing supply fears

USO ETF (USO) is trading 4% down today as crude prices retreat after the U.S. paused a planned military strike against Iran, significantly easing fears of a major supply disruption in the Middle East.

• The decision is unwinding the recent geopolitical risk premium that had previously pushed WTI futures and energy products higher.
• The downward move is primarily sector-specific, as broader equity markets remain modestly positive despite the volatility in oil prices.