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An expert says Iran was being calm with Trump, but new attacks near Oman worry people about rising oil prices.

MarketRead the original at Benzinga
Good for UCO

Strikes on vessels threaten oil shipments, which could lift crude prices and help UCO. Increased oil movement and reported talks about reopening the Strait temper that benefit.

UCO · ProShares Ultra Bloomberg Crude Oil

AI read · Good for UCO

The AI's read

Shipment problems can push crude prices up, which matters for a fund tied to oil. The report also says oil movement from the Middle East had increased, and Iran says the U.S. accepted some demands to reopen the Strait. Those signs of continued supply and possible reopening temper the benefit, but repeated strikes and rising crude futures make the oil-price case stronger.

USO · United States Oil Fund

AI read · Good for USO

The connection

Threats to oil transfers could lift crude prices and help USO. Increased oil movement and reported talks about reopening the Strait temper that benefit.

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