UVIX is trading at $40.90 (+5.71%) as renewed attacks on Gulf shipping and the shutdown of Saudi Arabia’s East-West pipeline intensify global oil-supply concerns.
- Brent crude climbed toward $108, heightening investor fears regarding persistent inflation and increased interest-rate risk.
- Broader equity sentiment has weakened significantly, with Nasdaq futures falling approximately 1.6% amid an AI-stock selloff and a sharp spike in the VIX.