🔴 T1 Energy is trading 6.5% down today as easing U.S.–Iran tensions weigh on oil prices

T1 Energy is trading 6.5% down at $4.58 in pre-market as easing U.S.–Iran tensions push oil prices lower and weigh on the broader energy sector.

• The decline extends a multi-day slide for the stock, which has fallen from $6.03 to $4.90 over the past week.
• The move mirrors broader market trends, with the XLE energy ETF trading lower amid the decline in crude.
• No company-specific news has been released for T1 Energy, indicating the sell-off is driven by macro-economic factors.