TRI is trading at $88.11, down 5.1% in pre-market as escalating U.S.-Iran tensions and rising oil prices pressure global markets.

  • Iranian forces seized two container ships in the Strait of Hormuz on April 22, pushing oil prices above $102 per barrel and triggering a sell-off across major indices.
  • The decline follows a 3.99% drop in the previous session, with major firms like IBM and ServiceNow warning that regional instability is beginning to delay business deals.
  • Broader market sentiment remains negative, with S&P 500 and NASDAQ futures trading down 0.34% and 0.30% respectively, suggesting the move is driven by macro factors rather than company-specific news.