URA is trading $45.38 (-3.16%) as broad risk-off trading followed hotter August PPI, lifting Treasury yields and weakening rate-cut expectations.
- Escalating U.S.-Iran tensions pushed Brent crude above $100, increasing inflation and market-risk concerns.
- Uranium remained relatively stable near $90/lb, suggesting URA’s decline reflects equity-market and geopolitical selling rather than a uranium-price collapse.
- Peer nuclear ETF NLR fell 1.75%, confirming sector-wide pressure.