Near-term positive: oil-price spike and flow rotation into crude-linked exposure boost USO.
Immediate strikes near the Strait of Hormuz and reported attacks on tankers have pushed traders into crude exposure, sending oil futures higher and driving flows into oil ETFs; this is a clear near-term tailwind for USO as oil-risk premia rise.
Near-term positive: Brent strength and trader rotation into Brent-linked funds lift BNO.
Near-term negative: defense primes saw downside as markets rotated into crude-linked exposure amid headline risk.
Near-term negative: RTX fell as traders shifted away from defense primes during the oil-focused market move.
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