ICOP is trading at $57.02 (-3.63%) as escalating U.S.-Iran attacks on tankers raise fears of broader supply disruption, inflation, and weaker global growth.
- Crude remains above $100, pressuring risk assets and materials-related equities.
- Markets await the August PPI release at 8:30 AM ET.
- European and Asian equities weakened, reinforcing the broader risk-off backdrop.