ICOP is trading at $55.75 (-5.78%) as escalating U.S.-Iran attacks on oil tankers raise fears of disrupted energy supplies, higher inflation, and weaker global growth.

  • Brent crude remained above $100 after the latest shipping attacks, increasing volatility across natural-resources and materials-related equities.
  • August PPI rose 0.4% monthly and 5.4% annually, reinforcing inflation and interest-rate concerns.
  • Broader equities also declined.