SNDQ is trading at $15.62 (+3.59%) as renewed U.S.-Iran military escalation pushed Brent crude toward $91, raising supply-disruption and inflation concerns.

  • Japan’s 10-year yield reached 3%, while U.S. equity futures fell alongside rising borrowing costs.
  • The weaker equity backdrop supports SNDQ’s inverse exposure, though the move follows its 11.45% decline on August 31.