USD is trading at $92.32 (-3.35%) as renewed Iran tensions and rising oil prices and yields weigh on risk appetite. - President Trump rejected a proposal to reopen the Strait of Hormuz, reigniting tensions. - U.S. equity futures fell, with Nasdaq futures down 0.88%; the ETF targets 2x exposure to U.S. semiconductor shares, amplifying sector moves. - Nvidia is a major holding, but the cited antitrust-probe selloff is not independently verified as a new September 28 catalyst.