VanEck Uranium and Nuclear ETF is trading higher in pre-market at $120.00, up 3.9% as uranium and nuclear-energy-linked names rebound on escalating geopolitical tensions.
- The move follows a sharp jump in Brent crude prices above $94 per barrel amid rising U.S.βIran tensions.
- The rally reverses a portion of the recent sector selloff triggered by persistent inflation and interest-rate concerns.
- Uranium-linked assets are seeing renewed strength as energy security becomes a primary focus following the latest Middle East developments.