CBOE VIX Index Rises 9.7% Amid Geopolitical Tensions and Oil Price Surge
The CBOE VIX Index rose 9.7% to 19.5 as geopolitical tensions in the Strait of Hormuz and a surge in oil prices to $89 per barrel fueled market volatility. The uncertainty surrounding Iran's potential resumption of hostilities and the U.S. seizure of an Iranian cargo ship contributed to the increase in volatility and downward pressure on equity futures.
Tickers: $CBOE
Topics: Geopolitical Tensions Iran-US Relations Market Volatility Oil Prices VIX Index