Trump Vows Strikes For 'Two To Three Weeks' More On Iran: Crude ETFs USO, BNO Surge As Oil Futures-SPY Divergence Hit 20-Year Record
President Trump announced an extension of military strikes on Iran for another two to three weeks, causing crude oil prices to surge significantly. WTI crude rose 5.06% to $105.19 and Brent crude jumped 5.98% to $107.24. This geopolitical escalation has created a historic market divergence, with crude oil up 72% over 50 days while the S&P 500 declined 4%, marking a -0.4 correlation—the worst in 20 years.
https://www.benzinga.com/etfs/sector-etfs/26/04/51618237/trump-vows-strikes-for-two-to-three-weeks-more-on-iran-crude-etfs-uso-bno-surge-as-oil-futures-s?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel