USO → $151.63 by Aug 17, 2026.

The Strait of Hormuz handles roughly 20% of global oil flow. Any threat around it instantly becomes an oil supply shock narrative. That is the backdrop driving current price behavior. Now zoom into structure. 4H market structure on $USO remains firmly bullish: • Higher Highs • Higher Lows • Fresh bullish BOS • Price trading directly beneath the $151.63 BSL liquidity pool (52-week high) That gives two active lower timeframe scenarios. Liquidity Sweep Short If price runs the $150 BSL …