Workflow
Geopolitical supply shock
icon
Search documents
Iranian Strikes on Qatar Sent Oil Surging 8% and USO Along With It
Yahoo Finance· 2026-03-03 13:56
Quick Read United States Oil Fund (USO) surged 25% year-to-date as Iranian strikes halted Qatar’s LNG production and Brent crude jumped 8%. USO’s futures-roll structure performs better in backwardation environments created by acute supply shocks. Qatar’s LNG halt disrupted roughly 20% of global supply. The Strait of Hormuz is seeing near-halted shipping. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE. Understandably, United States Oil Fund (NYSEARCA:USO ...