UVIX is trading at $40.28, up +2.47% in pre-market on September 1, 2026, as renewed U.S.-Iran hostilities raise fears of Strait of Hormuz supply disruptions.

  • Brent crude rose above $91, while oil-driven inflation expectations and a hawkish Federal Reserve outlook lifted September rate-hike probabilities toward 60%-65%.
  • The 10-year Treasury yield approached 4.78%; softer equity futures and upcoming JOLTS and ISM Manufacturing data are adding to volatility demand.