🔴 Intel ETF (INTC.TO) is trading 3.3% down as U.S. rejection of Iran plan lifts oil

INTC.TO is trading at CA$66.54, down 3.33%, as oil prices rose after the U.S. rejected Iran’s proposal to reopen the Strait of Hormuz, reviving inflation concerns.

• Renewed geopolitical risk and rising Treasury yields added pressure.
• Broader weakness in U.S. stock futures pressured risk-sensitive technology and semiconductor shares.