Oil stocks jump on Trump's Hormuz ultimatum to Iran

Oil stocks surged in premarket trading after President Donald Trump gave Iran a 48-hour ultimatum to reopen the Strait of Hormuz. Brent crude topped $113, rising over 50% since the conflict began. Trio Petroleum jumped 15%, while USO and EONR also gained. Analysts warned that shrinking storage buffers and potential infrastructure strikes could drive prices even higher.