🟢 Leveraged Volatility ETF (UVIX) is trading 3.2% up today as oil rises on renewed U.S.-Iran hostilities

UVIX is trading at $40.55 (+3.16%) as renewed U.S.-Iran hostilities and fears of Strait of Hormuz disruption push oil prices higher.

• Higher oil prices increased inflation and interest-rate concerns.
• Global bond-market stress intensified after Japan’s 10-year yield reached 3%; hawkish Federal Reserve signals pressured equities.
• Risk-off conditions lifted volatility expectations, with the VIX up 5.36% in early market data.