🔴 Space ETF (JEDI.L) is trading 3.2% down as Hormuz tanker reports lift crude

JEDI.L is trading at $68.09, down 3.20%, as oil-price and geopolitical worries pressured risk appetite.

• Strait of Hormuz tanker reports pushed crude higher and revived inflation concerns.
• A reported Blue Origin New Glenn test explosion weighed on space shares, including Rocket Lab and AST SpaceMobile.
• The broader technology selloff reinforced the decline; the ETF has meaningful exposure to communications and technology companies.