🔴 Energy ETF (IUES.L) is trading 4.89% down as oil plunges on US-Iran de-escalation hopes

IUES.L is trading at $13.52, down 4.89%, pressured by oil’s sharp November 4 selloff.

• WTI fell 8.3% and Brent 8.7% as Democrats’ congressional sweep raised expectations of US-Iran de-escalation and a possible return of disrupted oil supplies, reducing crude’s geopolitical risk premium.
• The broader energy sector also weakened, with XLE down 5.2% late Wednesday. No IUES.L-specific company catalyst or trading-volume data was identified.