VOO is trading 1.0% down today as geopolitical tensions escalate following Iran's rejection of a U.S. ceasefire proposal.
- Oil prices surged above $100 per barrel, with Brent crude hitting $106.20, fueling inflation fears and a broad risk-off move across equities.
- Iran countered the 15-point proposal with demands for Strait of Hormuz control and reparations after an Israeli strike on an Iranian naval chief.
- The broader market is under pressure as yesterday's gains are reversed, with the Nasdaq falling 1.25% and the Dow dropping 0.67%.