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In just a few weeks, the Iran War has triggered enormous volatility into the oil markets.

Credit Suisse X-Links Crude Oil Shares Covered Call ETN (NASDAQ:USOI) gained ~30% year-to-date, while oil surged sharply higher.

WTI crude oil has surged to $112.06 per barrel, up 56% from a month ago and sitting at the 99.6th percentile of its 12-month range.

Oil surged from around $71 to nearly $98 per barrel in under two weeks in early March 2026 as geopolitical tensions in the Persian Gulf tightened supply fears. That kind of move is exactly what crude oil investors dream about. It is also exactly the kind of move that ETRACS Crude Oil Shares Covered Call... USOI - Not For The Average Investor Seeking A Crude Oil Play.

Oil surged from around $71 to nearly $98 per barrel in under two weeks in early March 2026 as geopolitical tensions in the Persian Gulf tightened supply fears.