United States Oil Fund Gains 4.9% After 4% Oil Price Jump
Oil prices surged 4% on Feb. 18 after U.S. Vice President JD Vance warned military action against Iran remained an option over nuclear demands, boosting United States Oil Fund 4.9% and 0.8% after hours. Iran’s drills in the Strait of Hormuz—through which one-third of waterborne crude flows—increased supply disruption concerns.
1. Oil Price Surge on Iran Nuclear Tensions
On Feb. 18, oil prices jumped more than 4% after U.S. Vice President JD Vance warned that Iran had not addressed core U.S. nuclear demands and kept military action as an option.
2. United States Oil Fund Performance
United States Oil Fund rose 4.9% during the trading session and added 0.8% in after-hours trading, outperforming many energy ETFs as investors reacted to heightened geopolitical risks.
3. Geopolitical Supply Risk in Strait of Hormuz
Iran conducted military drills in the Strait of Hormuz—responsible for one-third of global waterborne crude exports—heightening concerns over potential supply disruptions and increased market volatility.