UVIX is trading at $34.30, down 2.17%, as easing immediate geopolitical risk and higher U.S. equity futures are consistent with less demand for volatility exposure.
- President Trump said the U.S. would not attack Iran before the November elections and that talks were productive.
- Oil prices fell modestly as Middle East supply concerns eased, but remained elevated.
- Persistent Hormuz shipping risks remain a countervailing concern.