ICOP is trading at $52.88, down 3.11%, after Washington rejected Iran’s Strait of Hormuz proposal, reversing diplomatic optimism and renewing geopolitical risk. - Brent crude rose 2.5% to $109.6, while elevated Treasury yields and broader risk-off trading added pressure. - ICOP’s concentrated copper and metals miners exposure makes it sensitive to sector-wide weakness; largest holdings include BHP, Anglo American, Grupo Mexico, and Freeport-McMoRan. - The available context points to macro and sector pressures, not a confirmed single-company catalyst.