ProShares Ultra Bloomberg Crude Oil (UCO)

According to a report from Sky News, Bessent said in an interview on Thursday that the military escort would likely include an international coalition.

Brent crude futures expiring in May surged more than 10% to $101.53 before losing some steam to hover around $101 a barrel.

Goldman warned that the spike in crude oil prices due to the disruption in oil flow through the Strait of Hormuz is now the primary channel of economic risk to the U.S.

Mojtaba Khamenei also called for national unity amid an intensifying war with the U.S. and Israel.

At the time of writing, Brent crude futures expiring in May surged more than 10% to $101.53 before losing some steam to hover around $98 a barrel.

This comes amid a rise in Iranian attacks on oil tankers in the Middle East and the Strait of Hormuz, including one near Iraq on a tanker owned by the U.S.

Hegseth did not rule out the possibility of U.S. boots on the ground in Iran, while acknowledging that there could be additional American casualties.

During an interview with CNBC, Iran’s Ministry of Foreign Affairs spokesperson Esmail Baghaei stated that the country was defending itself.

U.S. West Texas Intermediate futures expiring in April soared to a new 52-week high of $119.43 a barrel before cooling down slightly to hover at $95.53 at the time of writing.

Iran warned of surging prices as oil rose past $100 for the first time since June 2022, after an escalation over the weekend saw both sides reportedly target critical energy infrastructure.

The rising Middle East tensions pushed the U.S. West Texas Intermediate crude futures maturing in April to a new 52-week high of $119.43 a barrel before cooling down slightly.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei provided details on the ongoing tensions, stating that Iran will continue to defend itself.

Trio Petroleum has drawn attention as oil prices surged following Middle East supply concerns, while the company also offered an update on its share sale agreement.

U.S. West Texas Intermediate crude futures maturing in April soared nearly 5% on Thursday, rising to $78.36 per barrel.

Tensions in the Middle East continued to rise after the U.S. sank the Iranian frigate Dena in international waters in the Indian Ocean.

Global oil prices have surged after escalating conflict in the Middle East disrupted traffic through the Strait of Hormuz, a key route that carries roughly 20% of the world’s oil and LNG exports.

The financing is priced at $5.50 per share of common stock, implying a 53% discount to Monday’s closing price.

Trio Petroleum Corp extended its rally on Tuesday morning after its shares surged 169% on Monday, driven by rising crude prices amid the Middle East conflict.

U.S. index futures declined sharply in Tuesday’s pre-market, mirroring the global rout as the U.S.–Israel–Iran conflict fuels a rise in oil prices and renewed inflation worries.

Data from Stocktwits showed that retail sentiment on SPY and QQQ turned ‘bearish’.

The President added that while the U.S. has projected a timeline of four to five weeks for the Iran mission, the country has the capability to extend it far longer.

During an interview with CNBC, Eisman downplayed the impact of the Iran conflict, stating that it could be “very, very positive” in the long term for equity markets.

The analyst stated that the escalation of tensions in the Middle East is “unlikely to stick for long” due to political calendars, with the U.S. midterm elections slated for November 2026.

The benchmark ETF is testing a critical technical breakdown. The move follows a sharp global selloff as escalating tensions in the Middle East sent oil prices soaring.

Data from Stocktwits showed that retail sentiment on SPY has remained ‘bullish’, while it hovered in the ‘bearish’ territory on QQQ.