VDE is trading at $163 (-4.4%) in after-hours sessions as investors lock in profits following a surge in crude prices and a cooling of immediate geopolitical risks.
- The pullback follows a strong regular session where VDE closed at $170.54 (+0.83%), even as the broader S&P 500 rallied 2.42%.
- Oil prices had previously spiked with Brent crude hitting $109 due to the South Pars attack and tensions in the Strait of Hormuz keeping prices elevated above $113/bbl.
- Selling pressure intensified after Trump's 8 PM Iran deadline passed without immediate military escalation, prompting a sector-wide reversal despite the earlier oil gains.