iShares MSCI World Energy Sector UCITS ETF USD Inc is trading at $8.03, down approximately 3% today, as a sharp drop in crude oil prices weighs on the global energy sector.
- Crude oil benchmarks fell around 4% after reports that a planned U.S. military strike on Iran was abruptly halted, signaling a potential de-escalation of geopolitical tensions in the Middle East. [5]
- The pullback follows a period of strong gains for energy stocks which had been supported by the previously rising risk premium in oil prices.