UVIX is trading at $40.12, up +2.37% as escalating U.S.-Iran military tensions and attacks on Saudi energy facilities push Brent crude above $100, intensifying inflation and risk-off concerns.
- Reuters reported that the conflict is increasing fears of regional supply disruptions and higher energy costs.
- Broader equities are lower as investors reduce risk amid geopolitical uncertainty.
- UVIX’s leveraged exposure to short-term volatility is supporting its move.