iShares Global Clean Energy ETF is trading 3.8% higher following a tentative 60-day U.S.-Iran peace agreement that has triggered a broad risk-on rally and eased global inflation concerns.
- Lower oil prices (WTI down over 5%) are reducing input and financing pressures for the renewable sector, providing a tailwind for ESG-sensitive equities.
- The geopolitical breakthrough has lifted S&P 500 and Nasdaq futures, signaling a shift toward growth assets as investors re-risk ahead of the upcoming Federal Reserve meeting.