UVXY is trading at $18.00, a change of -4.05%, as Brent crude retreats from near six-month highs on hopes of easing US-Iran hostilities, reducing immediate inflation and supply-risk concerns. - US equity futures edged higher as oil fell and investors awaited major technology earnings, easing demand for volatility protection. - Regional attacks and unresolved geopolitical risks remain, so the pullback does not eliminate potential volatility.