🔴 Rio Tinto is trading 4.05% down in pre-market as oil prices rise above $100

Rio Tinto is trading 4.05% down now at $99.54 after a broad risk-off overnight session.

• Higher oil prices above $100 and geopolitical escalation are pressuring global equities.
• Nasdaq futures are down 1.26%, amplifying pressure on cyclical and commodity-linked shares.
• No clear negative company-specific catalyst was identified; the Aurukun acquisition was announced September 8 with undisclosed terms and pending approvals.