PPLT is trading at $15.60, down 3.08%, alongside a sharp platinum selloff. - A live market report showed spot platinum down 3.3% on September 28. - Available coverage linked precious-metals weakness to rejection of Iran’s proposal to reopen the Strait of Hormuz, which lifted oil prices, Treasury yields and the dollar. - Broader risk-off conditions also weighed on markets: the S&P 500 fell 0.65% and Nasdaq fell 0.94%. No fresh PPLT-specific announcement surfaced.