UVIX is trading at $43.48, up 2.35%, amid renewed geopolitical risk after reported U.S. strikes on Iran’s Qeshm Island raised concerns about Middle East supply disruptions. - Oil prices rose in early trading. - U.S. midterm election uncertainty and mixed futures add to a cautious market backdrop. - UVIX’s move is consistent with rising demand for volatility exposure, although supplied market data does not confirm a specific VIX-futures move.