
Oil Prices Jump on Renewed US Iran Hostilities
USO jumped over 4% as President Trump declared the Iran ceasefire dead and Tehran threatened to close the Strait of Hormuz, a chokepoint for a fifth of world oil supply.

USO jumped over 4% as President Trump declared the Iran ceasefire dead and Tehran threatened to close the Strait of Hormuz, a chokepoint for a fifth of world oil supply.

Oil prices jump on renewed US Iran hostilities as strikes near the Strait of Hormuz shake markets. USO surges 4.38% as traders reassess supply risk and short positioning.

Commodity prices from gold to oil react in real time to the same headlines driving world news, from central bank policy to geopolitical flashpoints.