U.S. Global Jets ETF is trading 3.2% up in pre-market following news of a tentative U.S.–Iran peace agreement and the planned reopening of the Strait of Hormuz.
- The geopolitical breakthrough has eased global inflation and energy-supply fears, leading to lower oil prices which directly benefit fuel-dependent airline carriers.
- Reduced geopolitical risk is driving a broad risk-on rally, supporting the industrials and cyclical sectors that dominate the fund's holdings.
- Stronger U.S. equity futures signal widespread buying interest in rate-sensitive assets as market volatility subsides.