Trump Weighs Military Action In Iran: Crude Rallies As Geopolitical Risk Returns To World's Busiest Oil Route - United States Oil Fund (ARCA:USO)
Benzinga·2026-01-12 04:51
As tensions continue to flare between the U.S. and Iran, global energy markets remain on edge, bringing the Middle East’s famed Strait of Hormuz back in focus.Crude oil prices have been rallying over the past week, with WTI March futures up 1.47% over the past week, and 0.42% on Sunday night, trading at $59.17 per barrel. Natural gas February futures are similarly trading up 2.30% during the day, at $3.242 per MMBtu, or Metric Million British Thermal Unit.The Strait of Hormuz ShockWedged between the Persian ...