U is trading at $23.15 (+5.16%) in pre-market, tracking a significant surge in global futures following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
- Broader markets are in a risk-on mood with S&P 500 futures up 2.48% and NASDAQ futures rising 3.28%, driven by a sharp plunge in oil prices and gains in Asian markets.
- The move follows a +4.1% gain in yesterday's after-hours session; no company-specific catalysts have been identified for the current price action.