Suncor Energy Inc. is trading at CA$82.03 (-4.63%) after energy markets weakened significantly on easing geopolitical tensions.
- Brent crude prices fell more than 4% following the announcement of a 60-day peace agreement between the U.S. and Iran.
- The reopening of the Strait of Hormuz has further reduced supply-risk premiums, placing downward pressure on major oil producers.